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The Economic Value of ²»Á¼Ñо¿Ëù College

Spending Impact Infographic

As part of the strategic planning process, ²»Á¼Ñо¿Ëù College (²»Á¼Ñо¿Ëù) recently collaborated with Emsi to produce an economic impact and investment analysis. The final study measures the economic impacts created by ²»Á¼Ñо¿Ëù on the business community and the benefits the college generates in return for the investments made by its key stakeholder groups—students, taxpayers, and society.

Highlights from the study include:

  • Student Perspective – ²»Á¼Ñо¿Ëù provides a strong return on student investment:
    • $68.5 million – benefit: higher future earnings
    • $8.3 million – cost: tuition, supplies, opportunity cost
    • 8.4 benefit/cost ratio
    • 31.9% rate of return
  • Taxpayer Perspective – ²»Á¼Ñо¿Ëù is a valuable investment for taxpayers:
    • $21.3 million – present value benefits for MA taxpayers for increased future tax revenue & government savings
    • $22.9 million – cost: state funding
  • Social Perspective – ²»Á¼Ñо¿Ëù provides society-at-large with hundreds of millions in benefits:
    • $241.6 million – benefit: future earnings, tax revenue, private savings
    • $35.8 million – cost: all college and student costs 6.7 benefit/cost ratio

The results of this study demonstrate that ²»Á¼Ñо¿Ëù creates value from multiple perspectives. The college benefits regional businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers to the workforce. ²»Á¼Ñо¿Ëù enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. The college benefits state taxpayers through increased tax receipts and a reduced demand for government-supported social services. Finally, ²»Á¼Ñо¿Ëù benefits society as a whole in Massachusetts by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.

Learn more about ²»Á¼Ñо¿Ëù’s overall economic impact:
Executive Summary
²»Á¼Ñо¿Ëù Fact Sheet
²»Á¼Ñо¿Ëù Infographic

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