College Education Value

Requirements Clarification & Assessment

1. Objective:

   • Develop a recommendation system for prospective students to maximize their educational investment from a cost-benefit perspective.
   • The primary metric is the Return on Investment (ROI) which considers tuition costs, potential salaries, and other financial factors.

2. Clarifying Questions:

   • What is the target audience? Are we focusing on low-income students, or is it open to all?
   • Are there specific types of colleges (public vs. private) or programs (STEM vs. arts) to prioritize?
   • Is the system meant to be integrated into an existing platform, or is it standalone?
   • How important are non-financial factors like campus life or extracurricular activities?

3. Data Requirements:

   • Comprehensive data on college programs, tuition fees, and living costs.
   • Historical salary data of alumni segmented by program and college.
   • Student financial backgrounds, including potential debt and scholarships.
   • Any additional data like graduation rates or employment rates post-graduation.

4. Business Context:

   • Is the goal to drive leads to student financing companies or partner with educational institutions?
   • Are there incentives or partnerships with specific colleges?
   • How will the accuracy and reliability of the recommendations be assessed?