Analysis of the Return on Investment and Economic Impact of Education

TABLE 3.6: Projected benefits and costs, social perspective

BENEFITS TO SOCIETY (MILLIONS)

SOCIAL COSTS (MILLIONS)

NET CASH FLOW (MILLIONS)

YEAR

0 1 2 3 4 5 6 7 8 9

$335.9

$305.2

$30.7 $18.1 $25.9 $39.6 $60.1 $99.0

$18.1 $25.9 $39.6 $60.1 $99.0

$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0

$102.4 $105.7 $109.0 $112.2 $115.3 $118.3 $121.3 $124.2 $126.9 $129.6 $132.1 $134.5 $136.7 $138.8 $140.7 $142.5 $144.0 $145.4 $146.5 $147.5 $148.3 $148.8 $149.1 $149.2 $149.0 $148.6 $148.0 $147.1 $146.0 $144.7 $143.1 $141.3 $139.2 $136.9 $134.4 $131.6 $128.5 $125.3

$102.4 $105.7 $109.0 $112.2 $115.3 $118.3 $121.3 $124.2 $126.9 $129.6 $132.1 $134.5 $136.7 $138.8 $140.7 $142.5 $144.0 $145.4 $146.5 $147.5 $148.3 $148.8 $149.1 $149.2 $149.0 $148.6 $148.0 $147.1 $146.0 $144.7 $143.1 $141.3 $139.2 $136.9 $134.4 $131.6 $128.5 $125.3

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45

$38.3 $10.2

$38.3 $10.2

Present value

$4,248.9

$305.2

$3,943.8

Benefit-cost ratio

13.9 N/A

Payback period (no. of years)

Source: Emsi college impact model.

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