In January 2023, The Institute for College Access & Success (TICAS) introduced a new metric, Race and Economic Mobility (REM), capturing economic outcomes by colleges’ compositions (or shares) of racially marginalized students. Using data from the College Scorecard, TICAS found that students who attended colleges serving greater shares of racially marginalized students earned less income 10 years after graduation than their peers from colleges with smaller shares of students of color.

Shifting Narratives: Centering Race in Defining and Measuring College Value

TICAS’ analysis found that students who attended colleges that serve greater shares of students of color earn less in income 10 years after graduation than their peers who attended colleges with fewer shares of students of color. Even more alarming, at colleges serving the largest share of Black students, students owe more in student loans than they originally borrowed.

College Value for Students of Color Across Sectors

The analysis finds that for those who attended for-profit colleges, students earned less, borrowers owed more in student loans, and a lower share of completers had an earnings premium compared to their peers at public and private non-profit colleges. Across all sectors, borrowers who attended four-year colleges serving a higher share of students of color owed more on their student loans 10 years into repayment than borrowers at colleges with the smallest share of students of color.

College Value for Students at Minority-Serving Institutions

This three-part series about Race and Economic Mobility at Minority Serving Institutions (MSIs) dives deeply into variations of college value at Historically Black Colleges and Universities (HBCUs), Hispanic-Serving Institutions (HSIs), and Asian American and Native American Pacific Islander-Serving Institutions (AANAPISIs).

REM Researchers