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Economic Impact of Wharton County Junior College: An Analysis of College Operations and Student Productivity

This study examines the socioeconomic impact of Wharton County Junior College, including investment analysis, college operations, and the productivity of past students. It explores the direct income of faculty and staff, multiplier effects, net contribution to area income, and the higher income of past and present students still active in the service area workforce. The study also considers the perspectives of students, taxpayers, and the benefits and costs associated with education.

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Economic Impact of Wharton County Junior College: An Analysis of College Operations and Student Productivity

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  1. socioeconomic impact of Wharton County Junior College

  2. Economic growth analysis • study consists of… Investment analysis

  3. 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

  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 area income c o l l e g e o p e r a t i o n s gross contribution to area income

  6. 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 past and present students still active in the service area workforce • Associated multiplier effects

  7. 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

  8. 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

  9. 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

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

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

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

  13. 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

  14. •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

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

  16. 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

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

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

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

  20. So what does all this mean?

  21. • 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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