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Army College Fund Cost-Effectiveness Study
SRA CORP ARLINGTON VA
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The Army College Fund ACF has been a key element in the Armys strategy to recruit high quality individuals since FY82. However, the cost- effectiveness of the ACF as a force-manning tool has been a subject of debate since its introduction, primarily due to uncertainty about the values of key parameters required for a cost-effectiveness analysis. To improve the foundation for a cost-effectiveness analysis of the ACF, we first conducted three research efforts using newly-available data 1 estimation of an enlistment supply model to determine the enlistment elasticity associated with ACF benefits, 2 estimation of first-term attrition and reenlistment models to assess the retention effects of the ACF, and 3 an analysis of education benefits usage. The results from these efforts were combined with other research in the area to provide the key parameters required for the cost-effectiveness analysis. Using a reasonable range of assumptions, we found that the ACF, at levels recently used, is a cost-effective recruiting tool.
APPROVED FOR PUBLIC RELEASE