Gary A. Packard Jr., Ph.D. Interim Senior Vice Provost of Online Initiatives
Pronouns (he, him, his)
UAGC CRITICAL STUDENT GOAL #4: ENHANCE STUDENTS’ ECONOMIC RETURN Stephani Kilby, Director of Student Success
At UAGC, we are driven by our purpose to transform higher education through the achievement of our four Critical Student Goals. Critical Student Goal #4 requires that we seek to enhance students’ economic return . In August 2023, the UAGC Executive Leadership Team approved the following targets to measure the achievement of critical goal #4:
Through 2028, BA/BS alumni will report at 21 months post-graduation:
• A median annual salary equivalent to at least 3.7x the average total out-of-pocket (OOP) cost incurred toward their earned degree. • A median earnings growth of 21 percent since enrolling at UAGC The pursuit of enhancing students’ economic return reflects the institution’s commitment to student success. The approved targets acknowledge the significance of economic stability and career mobility for learners. While recognizing that economic considerations are not the sole determinant of the value of a college education, this goal underscores the importance many students place on the economic outcomes of their educational investment, emphasizing the dedication of UAGC to meet students’ needs and support their aspirations. Defining the Targets In Spring 2022, a workgroup was charged with recommending how to define Critical Goal #4 and with proposing a SMART goal to be adopted as the target. This cross-functional group spent 16 months seeking to understand potential measures for return on investment (ROI) in higher education, defining affordability and equitable value as it translates to economic return, exploring UAGC student’s out-of- pocket costs, and identifying the current earnings-to-cost ratio for UAGC graduates. As a result, the following definitions were adopted for these targets: • Economic Return: A graduate’s return on their investment. • Total Out-of-Pocket (OOP) Cost: The cost of the education directly paid by the student or that the student must pay back (loans up to institutional costs). This excludes any payments made
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