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

0.2%

254 Health Care & Social Assistance

1,400

of Gross Regional Product (GRP)

1,200

83 Manufacturing

1,000

$105.4 million

800

94 Management of Companies & Enterprises

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

600

Jobs

868 All Other

or

400

1,496

200

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

0

Student Perspective

Social Perspective

Taxpayer Perspective

Benefit: Higher future earnings $74.6 million Cost: Tuition, supplies, opportunity cost $18.5 million

$435.5 million

$42.7 million

Benefit: Future tax revenue, government savings

Benefit: Future earnings, tax revenue, private savings

$10.2 million

Cost: Student and all college costs $34.6 million

Cost: State and local funding

4.0

12.6

4.2

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

12.9%

15.1%

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