Â鶹Éç

In FY 2022-23, Â鶹Éç added $110.9 million in income to the Â鶹Éç Taxing District^* economy, a value approximately equal to 2.7% of the region’s total gross regional product (GRP). Expressed in terms of jobs, Â鶹Éç’s impact supported 1,891 jobs.

For perspective, the activities of Â鶹Éç and its students support one out of every 26 jobs in the Â鶹Éç Taxing District.

Operations spending impact

Â鶹Éç employed 453 full-time and part-time faculty and staff. Payroll amounted to $18.2 million, much of which was spent in the region for groceries, mortgage and rent payments, dining out, and other household expenses. The college spent another $8.7 million on its expenses related to facilities, supplies, and professional services (excluding construction).

The net impact of the college’s operations spending added $10.9 million in income to the regional economy in FY 2022-23.

Student spending impact

Around 34% of students attending Â鶹Éç originated from outside the region. Most of them relocated to the Â鶹Éç Taxing District. In addition, some in-region students, referred to as retained students, would have left the Â鶹Éç Taxing District for other educational opportunities if not for Â鶹Éç. These relocated and retained students spent money on groceries, mortgage and rent payments, and other living expenses at regional businesses. 

The expenditures of relocated and retained students in FY 2022-23 added $9.5 million in income to the Â鶹Éç Taxing District economy. 

Alumni impact

Over the years, students have studied at Â鶹Éç and entered or re-entered the workforce with newly acquired knowledge and skills. Today, thousands of these former students are employed in the Â鶹Éç Taxing District.

The net impact of Â鶹Éç’s former students currently employed in the regional workforce amounted to $90.5 million in added income in FY 2022-23.

* For the purposes of this analysis, the Â鶹Éç Taxing District is comprised of 16 zip codes spanning across Crawford, Franklin, St. Charles, and Warren Counties in Missouri. 

Impacts created by
Â鶹Éç in FY 2022–23

Student perspective 

Â鶹Éç’s FY 2022-23 students paid a present value of $7.7 million to cover the cost of tuition, fees, supplies, and interest on student loans. They also forwent a value of $5.7 million in time and money had they been working instead of attending college. 

In return for their investment, students will receive a cumulative present value of $74.3 million in increased earnings over their working lives.

This translates to a return of $5.60 in higher future earnings for every dollar students invest in their education. Students’ average annual rate of return is 17.9%. 

Taxpayer perspective 

Taxpayers provided Â鶹Éç with $18.6 million of funding in FY 2022-23. In return, they will benefit from added tax revenue, stemming from students’ higher lifetime earnings and increased business output, amounting to $22.5 million. A reduced demand for government-funded services in Missouri will add another $3.1 million in benefits to taxpayers. 

Total taxpayer benefits amount to $25.6 million, the present value sum of the added tax revenue and public sector savings. For every dollar of public money invested in Â鶹Éç, taxpayers will receive $1.40 in return over the course of students’ working lives. The average annual rate of return for taxpayers is 2.2%. 

Social perspective 

In FY 2022-23, Missouri invested $35.4 million to support Â鶹Éç. In turn, the Missouri economy will grow by $289.0 million, over the course of students’ working lives. Society will also benefit from $12.6 million of public and private sector savings. 

For every dollar invested in Â鶹Éç in FY 2022-23, people in Missouri will receive $8.50 in return, for as long as Â鶹Éç’s FY 2022-23 students remain active in the state workforce. 

Students see a high rate of return for their investment in Â鶹Éç