New SEP Model Shows Stark's Dual Enrollment Producing Sizable Economic Benefit
The return on investment in future earnings and taxes paid can be as high as $423 million.
Building on a summer 2006 pilot program with Stark State College funded by the Stark Education Partnership (SEP), the Stark County Educational Service Center convened local districts and colleges to launch what has become, second to only Cuyahoga County, the largest dual enrollment program in the state.
Since that time, 5,228 Stark County students have earned over 28,000 credit hours for college courses taught by qualified teacher adjuncts at their own high schools. Now a new model from SEP, using data from the National Student Clearinghouse Student Tracker System and local evaluations, looks at what dual enrollment has meant as a college access strategy. Funding to develop this model has been provided by the College Board, Dominion Community Impact, the Key Bank , Martha Holden Jennings and J.P. Morgan Chase Foundations.
SEP has found that earning such credit prompted over 550 students to directly enroll in college that might not have done so otherwise. The immediate economic benefit of "some college" for these students is $130 million over their lifetimes in additional earning potential compared to just a high school diploma.
If all students finish their college degrees that potential increases to $423,600,000 of which $114,080,000 will be paid in additional taxes to local, state and federal governments.