On or about February 15, 2019, the Small Business Innovation Research Program at the US Department of Education’s Institute of Education Sciences (ED/IES SBIR) anticipates releasing a Special Topic Solicitation #91990019R0016 in Postsecondary Education. The solicitation will be announced through an IES Newsflash and will be posted here. It will request Phase I proposals for awards of up to $200,000 for 8 months to develop a prototype of a "ROI tool.” The tool will be designed to measure the costs versus benefits (the return on investment) of different postsecondary education and training programs to help students make well-informed choices about options to pursue after they complete high school.
Applicants must be a for-profit business 500 employees or less, and U.S. owned and operated. Applicants may partner with entities or organizations working on related initiatives in the field of postsecondary education, or may subcontract to non-profit researchers or individuals with specialized expertise as needed. The due date for submission for proposals will likely be on or about April 15, 2019, with awards in mid-June, and projects beginning shortly thereafter. All Phase I awardees will be eligible to apply for a Phase II award in 2020, for $900,000 for full scale development and research to test and validate the ROI tool.
While many websites provide ways for students to explore colleges or careers and occupations of interest (e.g., such as College Scorecard and CareerOneStop), there is currently no tool that helps students understand the costs and benefits of individual postsecondary programs in an integrated, customizable, and user-friendly manner. An ROI tool would likely combine information on individual program’s tuition and fees, time needed to complete, and expected earnings. Because these characteristics can vary significantly across programs and institutions, creating a single estimated measure of ROI would allow students to more easily compare postsecondary program options. If it helps students make better choices, it could lead to improved program completion rates, higher levels of employment and earnings, less education-related debt, and more satisfaction with their selected education and career paths.
The ED/IES SBIR Special Topic intends to fund up to five (5) Phase I projects to (a) develop and research a prototype of an ROI tool, and (b) conduct planning and concept testing for a fully developed ROI tool that provides a user-friendly experience for students. The prototype of the ROI tool developed in Phase I shall integrate with one or more existing technology systems, data sets, data standards, or resources (such as CareerOneStop or College Scorecard), and add new data elements provided by an end-user. After a successful Phase I project, it is anticipated that small businesses that win Phase II awards will complete the full-scale development of the ROI tool that was started in Phase I, including developing an interface to improve the experience of students using the ROI tool.
Because data for ROI at the program level may only be available from some states, regions, or sets of institutions at this time, it is expected that the scope of the ROI tool developed in Phase I & II would be limited and would not be an attempt to calculate ROI for every program and institution in the country. Applicants must propose a project scope that appropriately reflects the datasets that are to be integrated within the new ROI tool, and the amount of funding and time allotted for development and research of the SBIR awards in Phase I and II. Small businesses that are interested in this solicitation must have expertise with related efforts in the field to enhance student choices by linking education and workforce information.
Potential applicants may submit questions to ED’s Contracting Specialist Kevin.Wade@ed.gov. All questions and responses will be posted publically on the same website where the solicitation is posted as Amendments to the Solicitation.