During this time of year, high school seniors across the country are weighing which one of the nearly 4,500 degree granting colleges or universities they're going to send a deposit check for the fall enrollment--a daunting prospect since the decision will have much to do with their success and fulfillment as adults.
Since highly competitive universities can cost as much as a quarter of a million dollars, the question everyone must ask is "Which school can provide the best long-term return on my investment or ROI?"
The Grateful Grad Index
Matt Schifrin of Forbes magazine has developed "the Grateful Grads Index. The measure simply ranks colleges by the median amount of private donations per student over a ten-year period. The idea is that the best colleges are the ones that produce successful people who make enough money during their careers to be charitable and feel compelled to give back to the schools that contributed to their success," explains Shifrin.
After Schifrin created the index a year ago, he updated it this year to account for an institution's alumni participation rate because many of his readers argued that alumni consistently give but don't necessarily earn high incomes.
The Grateful Donor Index
Colleges and universities aren't alone in this snowballing race to demonstrate a return on tuition investment. Other nonprofits throughout the sector are equally focused on answering...
by Erica McGeachy Crenshaw, CEO of Execute Now!