American Community Colleges

The Economic Impact of America’s Community Colleges

AACC_EIS_IncomeCreatedOver the last 14 years, EMSI has completed more than 1, 200 economic impact studies in four countries, 1, 090 of them for U.S. educational institutions. The results of our comprehensive and rigorous studies have consistently shown that community colleges make a big difference in their regional economies — both in the total added income that’s due to a college’s presence in its local area and in the increased productivity of students who are part of the local workforce.

Now for the first time, we’ve calculated that same impact, on a national scale, for all community colleges in the United States.

EMSI’s nationwide economic impact study, , shows the net total impact of community colleges on the U.S. economy was $809 billion in 2012. That’s equal to 5.4% of the nation’s gross domestic product. Put another way, the added income created in the U.S. through increased student productivity and the spending of international students supported the equivalent of 15.5 million jobs in 2012.

How do colleges contribute so much added income? Think of it this way. Anyone who has studied at a community college enters or re-enters the workforce with new skills. Millions of these students are working across the country today, and when they apply those skills, they’re rewarded with higher incomes than they would have otherwise (e.g., a home health aide who becomes a licensed practical nurse). They also raise business profits through their increased productivity. Together, these higher incomes and increased profits create even more income as they are spent in the U.S. economy.

This is what make EMSI’s study unique. Only EMSI’s economic impact study provides a credible, data-driven measure of the significant economic value from students’ increased productivity. Our study measures the economic impact associated with education, not just how much colleges spend.

The study is based on several sources, including the latest academic and financial reports from IPEDS, industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, outputs of EMSI’s Social Accounting Matrix (SAM) model, and a variety of studies and surveys relating education to social behavior.

As we noted in our recent white paper on the rights and wrongs of economic impact studies, EMSI looks at the narrowest measure of economic impact activity in our studies — the new economic activity solely attributable to each institution that would otherwise not exist. It’s important to emphasize these impacts are net measures.

Highlights

The study looked at the value of community colleges for students, taxpayers, and society. In 2012, American community colleges received $44.9 billion in funding from the public sector. But community colleges generated $304.9 billion in taxpayer benefits — 6.8 times more money than their public funding. This means that for every $1 of public investment, taxpayers reap a cumulative value of $6.80 over the course of students’ working lives.

Community college, hands down. (Part 1).

by edugirl

A public community college is the better choice, not only because most, if not all, of your credits can be applied towards a bachelor's degree, but because it is much cheaper.
If you decide to advance, say, to become a nurse practitioner, which requires a master's degree, the transition to continuing your education will be much smoother. Also, the national mean hourly wage for RNO's was $43.90 in 2008, according to the American Association of Nurse Practitioners.
What follows will explain how much money you might save by attending a community college, and that money saved could facilitate or even make a difference in choosing to get advanced training in...

Do this at a California Community College.

by edugirl

Four points to make:
1. Doing this at a CCC will get you the best training for the costs. You will get good training, because the state has an interest in getting the best healthcare providers for its residents.
Here is a link, where you can figure which community colleges in the state offer NA training. Look under "Certified Nursing Assistant" for working in hospitals (inpatient care) and "Medical Assistant" for work in doctors offices (outpatient care):
https://misweb.cccco.edu/webproginv/prod/toptitlelist_n.cfm
Use one of the links on this page to locate a particular community college:

You might also like:
Why North? A great American college, a great place to learn!
Why North? A great American college, a great place to learn!
Pearl River Community College Humanities Lecture Dr. Ryan
Pearl River Community College Humanities Lecture Dr. Ryan ...

UMSL honors business alumni with Salute to Business Achievement Awards  — UMSL Daily
.. her book, “Board Micromanagement of Administrative Affairs in Community Colleges: Analysis of Reasons That Boards Micromanage Administrative Affairs in Public American Community Colleges,” and her paper “The CPA's Guide To Ethical Behavior.”.

Contemporary American Poultry
TV Series Episode Video on Demand ()
Jossey-Bass The American Community College, 5th Edition
Book (Jossey-Bass)
Related Posts