Home News Comparing The College Scorecard And PayScale’s College Salary Report: Four Key Differences – Forbes

Comparing The College Scorecard And PayScale’s College Salary Report: Four Key Differences – Forbes

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The value of a college education continues to be a hot topic, debated by policy makers and pondered by students and families. These days, a popular measure of that value is to compare the earnings of individuals who’ve earned a college degree to those who haven’t.

Another measure – increasingly invoked in college rating schemes such as Forbes or by policy organizations like Brookings and The Equality of Opportunity Project that track college-related social mobility – is to compare the earnings of students who attended one college versus another.

Two widely used alumni earnings databases are the Department of Education’s College Scorecard and PayScale’s College Salary Report. These websites are scoured by students and families evaluating their college options relative to future earnings potential. They’re relied on by researchers studying economic inequalities and socio-economic mobility. And they’re referenced by both college leaders and elected officials to justify various educational initiatives.

How comparable are these two databases? Would a prospective student reach the same conclusion about the payoff from attending Notre Dame if she consulted Scorecard or PayScale? How different would a university’s ROI look to a trustee, depending on which data source he used?

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