Research and Reports

Our latest research, data releases, and analysis on college value, earnings, and economic mobility.

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The Payoff of College Credentials

A state-by-state analysis of what certificate, associate’s, and bachelor’s degree graduates earn compared with high school graduates. Explore the State Snapshot for a one-page briefing on any state, or The Payoff Map to compare every field and credential across all 50 states, D.C., and Puerto Rico.

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What Your Major is Worth in California

As the cost of college rises and confidence in its economic value declines, students and families increasingly need clear information about what different degrees and credentials deliver. This report analyzes federal earnings data for 276,963 graduates across 2,958 programs, 225 fields of study, and 386 California institutions to show how outcomes vary by field and credential level.

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Understanding the Value of Short-Term Credentials in Colorado

Are certificates worth it? For which programs? Do they align with Colorado's future economy? With a new short-term Pell Grant program launching on July 1, 2026, The HEA Group President Michael Itzkowitz argues that Colorado policymakers have a real opportunity to boost the state’s economic prosperity if they can answer those questions.

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Three Years of Changing How America Thinks About College Value

The HEA Group’s three-year anniversary reflects its significant role in shifting higher education toward the use of earnings and ROI data to evaluate institutional and program effectiveness, influencing federal policy, accreditation, and student decision-making. Our research has helped drive new accountability measures, transparency tools, and policy reforms at both the state and national levels. Looking ahead, we aim to expand its impact by continuing to promote outcomes-based evaluation and ensuring that higher education delivers greater economic mobility for students.

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Colleges Are Finally Confronting Their Outcomes Data

HEA Group President Michael Itzkowitz argues that higher education institutions have moved through stages resembling the five stages of grief (denial, anger, bargaining, depression, and acceptance) as they confront increasingly transparent data on graduates’ earnings and economic mobility. Itzkowitz contends that once institutions reach acceptance, they can use outcomes data constructively to redesign programs, improve advising, and better align education with labor-market opportunities for students.

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A Conversation with SUNY Chancellor John B. King Jr.

At a time when students and families are questioning the value of college and higher education leaders face difficult decisions about improving outcomes and economic mobility, Michael Itzkowitz of the HEA Group hosted a timely conversation with Former U.S. Secretary of Education and current SUNY Chancellor John King.

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HEA Group Partners with ACCJC on Strategic Use of Program-Level ROI Data

The HEA Group is proud to have worked with the Accrediting Commission for Community and Junior Colleges' (ACCJC's) on its new framework highlighting how program specific outcomes offer a more precise and actionable understanding of how individual fields of study contribute to students’ long-term economic mobility.

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“Golden Returns: Which Community Colleges Deliver the Best Economic Outcomes” on The Rant Podcast with Eloy Ortiz Oakley of College Futures Foundation

Season four of the Rant Podcast kicks off with a deep dive into educational value and economic mobility. Host Eloy Ortiz-Oakley welcomes returning guest Michael Itzkowitz to discuss their groundbreaking "Golden Returns" report examining which California community colleges and certificate programs deliver the strongest financial returns for students.

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