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Published byErik Norris
Modified over 4 years ago
socioeconomic impact of Wharton County Junior College
Investment analysis Economic growth analysis study consists of…
c o l l e g e o p e r a t i o n s p a s t s t u d e n t p r o d u c t i v i t y
Direct income of faculty and staff Associated multiplier effects Net of alternative use of funds c o l l e g e o p e r a t i o n s
net contribution to area income c o l l e g e o p e r a t i o n s gross contribution to area income
Higher income of past and present students still active in the service area workforce Associated multiplier effects p a s t s t u d e n t p r o d u c t i v i t y
net contribution to area income p a s t s t u d e n t p r o d u c t i v i t y
s t u d e n t p e r s p e c t i v e s o c i a l p e r s p e c t i v e t a x p a y e r p e r s p e c t i v e
Benefits—present value of increased future income Costs—tuition, fees and opportunity cost of time s t u d e n t p e r s p e c t i v e
return on investment s t u d e n t p e r s p e c t i v e
benefit/cost ratio s t u d e n t p e r s p e c t i v e
A s s o c i a t e s D e g r e e g r a d u a t e s w i l l... than someone with a high school diploma Earn an average of more than someone with a high school diploma Over their future careers,
Education is statistically correlated with improved lifestyles This translates into medical, crime and unemployment savings to taxpayers s o c i a l p e r s p e c t i v e
annual savings s o c i a l p e r s p e c t i v e
Benefits—added tax revenue and avoided costs to government Costs—state and local government funding t a x p a y e r p e r s p e c t i v e
return on investment t a x p a y e r p e r s p e c t i v e
benefit/cost ratio t a x p a y e r p e r s p e c t i v e
So what does all this mean?
Enriches the lives of students Contributes to the growth of the economy Reduces the demand for social services Generates government revenue Increases students’ lifetime income
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