The Washington State Department of Veterans Affairs (WDVA) Vet Corps program engages AmeriCorps members to help veterans and their family members take advantage of educational benefits and services earned through their military service. To better understand the impact of the program in relation to costs, AmeriCorps commissioned a return on investment (ROI) analysis. 

Key Findings:

  • The Vet Corps program at two-year institutions produces strong returns for the medium- and long-term scenarios; ROIs under these scenarios range from $3.16 in return for every dollar invested to $17.52 for every dollar invested.
  • Benefits of WDVA Vet Corps include: 1) Additional lifetime earnings resulting from improved employment outcomes for program participants; 2) Additional earnings by AmeriCorps members; 3) Living allowances, stipends, and education awards for AmeriCorps members; 4) increased tax revenue for government; and 5) reduced lifetime spending on corrections, public assistance, and social insurance.

Full Report

Research Brief

Return on Investment (ROI) Studies

AmeriCorps and its grantees have invested significant resources in evaluating different agency programs and supported program models designed to improve a range of outcomes for national service members and volunteers, children, families, organizations, and communities across America. AmeriCorps has commissioned ICF International to conduct ROI analyses to help measure the program performance and build the base of evidence for future resource allocation decisions. In addition, each ROI study helps AmeriCorps communicate the value of its programs to relevant stakeholders. The ROI Studies Project will produce 16 ROI assessments from FY20 to FY23. 


Further information

ROI Analysis
Implementing Organization
Washington State Department of Veterans Affairs

AmeriCorps Office of Research and Evaluation Commissioned Report

AmeriCorps Program(s)
AmeriCorps State and National
Age(s) Studied
18-25 (Young adult)
26-55 (Adult)
55+ (Older adult)
Focus Population(s)/Community(s)
Veterans and Military Families
Outcome Category
Post-secondary educational support
Benefit to national service members/volunteers
Nonprofit development
Study Type(s)
Cost-benefit or Cost Effectiveness Study
ICF International
Published Year
Study Site Location (State)