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RE: NYTimes.com: College May Become Unaffordable for Most in U.S.
- To: firstname.lastname@example.org
- Subject: RE: NYTimes.com: College May Become Unaffordable for Most in U.S.
- From: "B.G. Sloan" <email@example.com>
- Date: Wed, 10 Dec 2008 18:10:59 EST
- Reply-to: firstname.lastname@example.org
- Sender: email@example.com
Sandy Thatcher said: "Penn State also claims, however, to return $22 in economic impact on the state for every dollar in state appropriations." When I worked in the University of Illinois Office for Planning & Budgeting a colleague (Randy Kangas) calculated the return on investment for the state's "investment" in undergraduate education at Illinois. This wasn't "economic impact", but the actual dollar amount the state received in income taxes after the students' graduation, for every tax dollar the state gave the university. For every dollar the state invests in undergraduates at Illinois, Kangas found that the state gets back $4.31 in taxes over time. This translates to a 6% real return on investment for the state. Bernie Sloan Sora Associates Bloomington, IN --- On Tue, 12/9/08, Sandy Thatcher <firstname.lastname@example.org> wrote: > From: Sandy Thatcher <email@example.com> > Subject: RE: NYTimes.com: College May Become Unaffordable for Most in U.S. > To: firstname.lastname@example.org > Date: Tuesday, December 9, 2008, 5:50 PM > > But just to show you the differences even within the same > conference, the Big Ten, Penn State gets just over 33% of its > operating income from tuition and fees (the highest tuition of > any major public university), but less than 10% from the state. > Obviously, the two are interrelated. Penn State also claims, > however, to return $22 in economic impact on the state for > every dollar in state appropriations. > > Sandy Thatcher > >>It's interesting how tuition and fees can account for a >>surprisingly small percentage of a university's income. The >>University of Illinois, for example, gets only 15-16% of its >>income from tuition and fees. Even more interestingly for a >>state university, the state of Illinois only supplies about 30% >>of the UI's income. >> >>Bernie Sloan >>Sora Associates >>Bloomington, IN
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