This study leverages human capital theory to identify the correlates of expected returns on investment in higher education at the level of institutions.We leverage estimates of average ROI in post-secondary education among more than 400 baccalaureate degree conferring colleges and universities to understand the correlates of a relatively new metric of institutional ROI.Results indicate that a diverse undergraduate maison alhambra libbra student body, high graduation rate, and public university status are strong, positive, and robustly associated with institutional ROI.
The model accounts for more than 70% of inter-university variation in ROI, suggesting that the factors we have identified are among the most thorogood 804-3236 important correlates of institutional ROI.We discuss the policy implications of these findings for institutions of higher education in the context of institutional rankings and a rapidly evolving education landscape, giving special attention to student body characteristics colleges and universities.