How do I calculate student cost savings with AIM?
Answer
Lumen Learning has created a very easy to use impact adoption calculator that you might find helpful: https://analytics.lumenlearning.com/impact/.
You can also estimate the total number of students taking courses over a year [(# students per section * # sections offered in a year Fall-Summer) * total cost of previously used materials per student] - [(# students per section * # sections offered in a year Fall-Summer) * total cost of AIM per student].
We surmise that the enrollment and successful retention of students in AIM classes will surpass the non-AIM course enrollments and retention to yield even higher benefits to students and the college.