Where Is the Biggest Improvement Leverage?

Not all negative-ROI programs are equally worth fixing. Programs close to breakeven with high enrollment are the highest-leverage targets.

Top Improvement Targets

The 20 Programs Worth Fixing First

We ranked all negative-ROI programs by a leverage score that combines proximity to breakeven, enrollment volume, and feasibility (whether the same field has positive-ROI exemplars elsewhere). These are the top 20 targets where investment would affect the most students.

Institution Field Credential 20-Year ROI Gap to Breakeven Leverage

Leverage = proximity_to_breakeven x enrollment x feasibility. Feasibility reflects whether the same field has positive-ROI exemplars at other institutions. Top 100 programs available in dataset; table shows top 20.

Key Findings

What the Ranking Reveals

Finding
University of Phoenix dominates the top 20 leverage targets—not because their programs are the worst, but because their enrollment volume means even small improvements affect thousands of students.
Finding
The highest-leverage improvements are programs within $100K of breakeven in fields that have positive-ROI exemplars elsewhere—proving the field CAN work at the right institution.
Implication

A Better Approach Than Cutting

For state legislatures: instead of cutting programs, identify the high-leverage targets where investment in career services, curriculum alignment, or employer partnerships could flip the ROI. A program that is $75K below breakeven with 4,000 enrolled students is a better investment target than a program that is $300K below breakeven with 50 students.