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socioeconomic impact of

socioeconomic impact of. Austin Community College. Regional analysis. study consists of…. Investment analysis. c o l l e g e o p e r a t i o n s s t u d e n t s p e n d i n g p a s t s t u d e n t p r o d u c t i v i t y. c o l l e g e o p e r a t i o n s.

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socioeconomic impact of

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  1. socioeconomic impact of Austin Community College

  2. Regional analysis • study consists of… Investment analysis

  3. c o l l e g e o p e r a t i o n s s t u d e n t s p e n d i n g p a s t s t u d e n t p r o d u c t i v i t y

  4. c o l l e g e o p e r a t i o n s • •Direct income of faculty and staff • Associated multiplier effects • Net of alternative use of funds

  5. net contribution to regional income c o l l e g e o p e r a t i o n s gross contribution to regional income

  6. s t u d e n t s p e n d i n g • •Spending by students from outside the local region • Associated multiplier effects

  7. s t u d e n t s p e n d i n g net contribution to regional income

  8. p a s t s t u d e n t p r o d u c t i v i t y • • Higher income of students still active in the workforce • Associated multiplier effects

  9. 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 regional income

  10. t o t a l i m p a c t total regional impact

  11. 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

  12. s t u d e n t 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

  13. s t u d e n t p e r s p e c t i v e

  14. s t u d e n t p e r s p e c t i v e return on investment

  15. s t u d e n t p e r s p e c t i v e benefit/cost ratio

  16. 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 . . . • Earn an average of more than someone with a high school diploma • Over their future careers, than someone with a high school diploma

  17. •Education is statistically correlated with improved lifestyles s o c i a l p e r s p e c t i v e • This translates into medical, crime and unemployment savings to taxpayers

  18. s o c i a l p e r s p e c t i v e annual savings

  19. t a x p a y e r 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

  20. t a x p a y e r p e r s p e c t i v e

  21. t a x p a y e r p e r s p e c t i v e return on investment

  22. t a x p a y e r p e r s p e c t i v e benefit/cost ratio

  23. So what does all this mean?

  24. • Enriches the lives of students • Increases students’ lifetime income • Generates government revenue • Reduces the demand for social services • Contributes to the growth of the economy

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