DIR, through an ED-IES contract, directed development of a new brief explaining how cost analyses can inform decision making in education and what resources exist to help calculate the costs of education programs.

DIR is pleased to announce that today (June 20, 2017) the National Center for Education Evaluation and Regional Assistance (NCEE) released a new brief “The Critical Importance of Costs for Education Decisions”. This brief can help leaders in schools, districts, state education departments, and intermediary organizations think about how cost analyses can help inform their decisions about program choices, budgets, and strategies. It also discusses the advantages, disadvantages, and possible applications for four primary types of cost analyses. The brief was authored by researchers at the Center for Benefit-Cost Studies of Education (CBCSE) in the Teachers College at Columbia University, commissioned by DIR, and funded through our Analytic Technical Assistance and Development (ATA&D) contract with the Institute of Education Sciences (IES) in the U.S. Department of Education. DIR, with Dr. Russell Jackson, DIR’s president/CEO as project director, leads the team providing support to Regional Educational Laboratories and other National Center for Education Evaluation (NCEE) contractors for IES. The IES Newsflash announcing release of this new guide is below, and the full report is available HERE.

 

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The Critical Importance of Costs for Education Decisions

A new brief from the Institute of Education Sciences (IES) explains how cost analyses can inform decision making in education and what resources exist to help calculate the costs of education programs.

The new brief, The Critical Importance of Costs for Education Decisions, is published by the National Center for Education Evaluation and Regional Assistance and authored by researchers at the Center for Benefit-Cost Studies of Education (CBCSE) in the Teachers College at Columbia University. The brief can help leaders in schools, districts, state education departments and intermediary organizations think about how cost analyses can help inform their decisions about program choices, budgets and strategies. It also discusses the advantages, disadvantages, and possible applications for four primary types of cost analyses

Topics addressed in the guide include:

  • Why does cost information matter in education?
  • What cost metrics are available to inform decision making?
  • How can cost analyses inform decision making?
  • What resources exist to help calculate the costs of education programs?
  • What are the types and uses of cost analysis?

Read the guide here (https://ies.ed.gov/ncee/pubs/REL_2017274/index.asp).

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The Institute of Education Sciences, a part of the U.S. Department of Education, is the nation’s leading source for rigorous, independent education research, evaluation and statistics.

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