Presenting the Socioeconomic Benefits of Southwestern Oregon Community College CCbenefits, Inc. 1150 Alturas Dr. Ste 102 Moscow, ID 83843 (208) 882-3567

Components of the Study Regional Economic Development Investment Analysis

Beginning with the Regional Analysis

Economic Region

What we measure… College operations spending effects Past student productivity effects

College Operations Spending Includes direct income of faculty and staff plus… The indirect income due to associated multiplier effects minus… Any moneys withdrawn from the economy in support of the college

College Operations Spending Annual Contribution College Operations Spending in regional income (after adjusting for alternative use of funds)

Past Student Productivity Measures the higher income of students still active in the workforce plus… The associated multiplier effects due to past student productivity

Past Student Productivity Annual Contribution Past Student Productivity in regional income

Total Regional Impact

Continuing with the Investment Analysis

What we measure… Student Benefits Social Benefits Taxpayer Benefits

Student Benefits Student benefits consist of the present value of increased future income These are measured against student costs - tuition paid and the opportunity cost of time

Student Perspective Rate of Return Students receive an annual rate of return of 18.0% on their educational investment.

Student Perspective Benefit/Cost Ratio For every $1 invested in education, students receive a cumulative return of $4.20.

Student Benefits A Southwestern AA Degree will increase earnings to $31,429 per year, 37% more than the average HS graduate. An Associate Degree graduate will earn $276,700 more than someone with a HS diploma or GED over his or her future career.

Social Benefits Higher education is statistically correlated with the improved lifestyles of the students This translates into medical, crime and welfare/unemployment savings to the taxpayer.

Social Benefits Improved student lifestyles translate into $1.1 million in avoided costs to the public each year.

Taxpayer Benefits Taxpayer benefits consist of the higher incomes of the students and avoided costs to the government These are measured against taxpayer costs – state and local taxes and appropriations

Taxpayer Perspective Rate of Return Taxpayers receive an annual rate of return of 19.3% on their educational investment.

Taxpayer Perspective Benefit/Cost Ratio For every $1 invested in education, taxpayers receive a cumulative return of $4.30.

So what does all this mean?

IT PAYS BACK IT PAYS TO INVEST IT PAYS TO LEARN