A recent report estimates that California’s public colleges and universities pay more than our counterparts in other states to educate students who drop out.
Depending on how you do the math, the CSU Graduation Initiative could be saving the state up to $14 million for its eight percentage point uptick in the grad rate. To me, this means anything we spend on the effort up to the full $14 mil is good, because we didn’t get into this to save money. We did it to better deliver on our mission of providing upward mobility and a robust workforce.
$14 million could buy a lot of high-impact practices: learning communities, collaboration on research, a fund to promote study abroad. We can do this if we connect enough dots, and refuse to accept failure.