Evaluating Navy’s Funded Graduate Education Program: A Return-on-Investment Framework

Sending officers to graduate schools is costly to the services. While officers incur specific service requirements in return, does that recoup the investment? The authors found that, in the U.S. Navy, breaking even financially is not always realistic. But the skills and general knowledge that officers gain in the process extend the value of their degrees beyond their majors, particularly in careers leading to flag rank.