Analysis of the Return on Investment and Economic Impact of Education

Total Impact

I M P A C T S B Y I N D U S T R Y

2.0%

2,166 Health Care & Social Assistance

12,000

of Gross Regional Product (GRP)

10,000

706 Manufacturing

8,000

$895.2 million

797 Management of Companies & Enterprises

6,000

T O T A L A D D E D C O U N T Y I N C O M E

Jobs

7,348 All Other

4,000

or

T O T A L A D D E D C O U N T Y J O B S 12,696

2,000

0

Student Perspective

Social Perspective

Taxpayer Perspective

Benefit: Higher future earnings $748.7 million $170.9 million Cost: Tuition, supplies, opportunity cost

$4.2 billion

$419.2 million

Benefit: Future tax revenue, government savings

Benefit: Future earnings, tax revenue, private savings

$84.8 million

Cost: Student and all college costs $305.2 million

Cost: State and local funding

4.4

13.9

4.9

B E N E F I T / C O S T R A T I O

B E N E F I T / C O S T R A T I O

B E N E F I T / C O S T R A T I O

14.8%

16.0%

R A T E O F R E T U R N N/A

R A T E O F R E T U R N

R A T E O F R E T U R N

Future benefits are discounted to the present.

4