|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$3,206||Benefits minus costs||$15,526|
|Participants||$7,989||Benefit to cost ratio||$154.33|
|Others||$4,963||Chance the program will produce|
|Indirect||($531)||benefits greater than the costs||89 %|
|Net program cost||($101)|
|Benefits minus cost||$15,526|
|Meta-Analysis of Program Effects|
|Outcomes measured||Treatment age||No. of effect sizes||Treatment N||Adjusted effect sizes(ES) and standard errors(SE) used in the benefit - cost analysis||Unadjusted effect size (random effects model)|
|First time ES is estimated||Second time ES is estimated|
Enroll in 2-year college
Enroll in a 2-year higher education institution.
Enroll in 4-year college
Enroll in a 4-year higher education institution.
Enroll in any college^
Enroll in either a 2-year or 4-year higher education institution.
|Detailed Monetary Benefit Estimates Per Participant|
|Affected outcome:||Resulting benefits:1||Benefits accrue to:|
|Enroll in 2-year college||Labor market earnings associated with higher education||$4,167||$9,789||$5,528||$0||$19,485|
|Costs of higher education||($961)||($1,800)||($565)||($481)||($3,807)|
|Program cost||Adjustment for deadweight cost of program||$0||$0||$0||($51)||($51)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$87||2009||Present value of net program costs (in 2018 dollars)||($101)|
|Comparison costs||$0||2009||Cost range (+ or -)||20 %|
Benefits Minus Costs
Benefits by Perspective
Taxpayer Benefits by Source of Value
|Benefits Minus Costs Over Time (Cumulative Discounted Dollars)|
|The graph above illustrates the estimated cumulative net benefits per-participant for the first fifty years beyond the initial investment in the program. We present these cash flows in discounted dollars. If the dollars are negative (bars below $0 line), the cumulative benefits do not outweigh the cost of the program up to that point in time. The program breaks even when the dollars reach $0. At this point, the total benefits to participants, taxpayers, and others, are equal to the cost of the program. If the dollars are above $0, the benefits of the program exceed the initial investment.|
Castleman, B.L., & Page, L.C. (2015). Summer nudging: Can personalized text messages and peer mentor outreach increase college going among low-income high school graduates? Journal of Economic Behavior & Organization, 115(3), 144-160.
Castleman, B.L., Arnold, K., & Wartman, K.L. (2012). Stemming the tide of summer melt: An experimental study of the effects of post-high school summer intervention on low-income students’ college enrollment. Journal of Research on Educational Effectiveness, 5(1), 1-17.
Castleman, B.L., Page, L.C., & Schooley, K. (2014). The forgotten summer: Does the offer of college counseling after high school mitigate summer melt among college-intending, low-income high school graduates? Journal of Policy Analysis and Management, 33(2), 320-344.
Castleman, B.L., Owen, L., & Page, L.C. (2015). Stay late or start early? Experimental evidence on the benefits of college matriculation support from high schools versus colleges. Economics of Education Review, 47, 168-179.
Daugherty, L. (2012). Summer Link: A counseling intervention to address the transition from high school to college in a large urban district. Paper presented at the 2012 Fall Conference of the Association for Public Policy Analysis and Management, Baltimore, MD.