Economic Impact

Over time, the Central Ohio Compact's work should have significant positive
economic impact for students, families, and taxpayers. The collective impact of the work of the Compact will be monitored and documented.

Students and Families

  • With specific strategies to reduce and, in some cases, eliminate postsecondary remedial coursework, students and families can focus their resources on college-level coursework leading to a credential.
  • Through dual enrollment and other acceleration mechanisms, students can earn college credit at substantial savings while still in high school. The cost of a bachelor's degree is dramatically reduced when students take the first two years at a community college.
  •  Planning around these "2+2" pathways enables families to take advantage of low community college tuition rates the freshman and sophomore year, reducing or eliminating the need to take on debt.
  • Some Compact partners have already designed "3+1" programs, enabling students to attend the community college for a full 75 percent of their bachelor's degree coursework. The cumulative effect of these pathways can be dramatic over time.

Taxpayers

  • As the collaboration among Compact partners deepens, strategic cost savings and cost-sharing opportunities will emerge. There are already examples of Compact partners sharing space, pursuing opportunities for shared staffing, and collaborating on technology initiatives.
  • As the connections between high schools and higher education become deeper and more purposeful, institutional planners and public policy makers can build synergy into new projects while minimizing costs.
  • Technological advances in learning systems, course delivery, and administrative processes open the door to deep collaboration and substantial savings on public investment.
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