pic@ets.orgCopies can be downloaded from: www.ets.org/research/pic The views expressed in this report are those of the authors and do not necessarily reflect the views of the officers and trustees of Educational Testing Service.
About ETSAt ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually-including the TOEFL ® and TOEIC ® tests, the GRE ® tests and The Praxis Series ® assessments-in more than 180 countries, at over 9,000 locations worldwide. This paper provides an overview of the return on investment for minority-serving institutions (MSIs), highlighting past work and providing a foundation for the new work presented in this edited volume.Keywords Student success; investment; race; equity Corresponding author: Marybeth Gasman, E-mail: mgasman@upenn.edu Minority-serving institutions (MSIs) educate 20% of the nation's college students, including large percentages of firstgeneration students and students from low-income families as well as students of color (Gasman & Conrad, 2015). However, these institutions-including Hispanic-serving institutions (HSIs), historically Black colleges and universities (HBCUs), tribal colleges and universities (TCUs), and Asian American, Native American, and Pacific Islander-serving institutions (AANAPISIs)-are often excluded from national conversations regarding increasing college opportunity and
ROI for Minority-Serving Institutionsmaligned by media, scholars, and policy makers as making only marginal contributions. One reason MSIs are overlooked is because there is little research on their return on investment (ROI).ROI is a major focus within higher education communities, with various entities defining ROI in both complementary and divergent ways. The Center on Education and the Workforce (2011), for example, issued a report that explored the economic value of various college majors, further cementing the use of projected income gains based on academic majors as a key metric to understand higher education's ROI. Likewise, the Pew Research Center (2011) conducted a survey that also looked at the perceptions of the economic viability of attending college. More recently, Gallup (2014) conducted a poll in partnership with Purdue University exploring a more holistic view of graduates' lives by examining workplace engagement and participants' social, financial, communal, and physical well-being.There have also been a few reports related to the economic impact of various segments of the MSI community. In 2000, the American Indian Higher Education Consortium issued a report on tribal college contributions to local economies. The Nation...