The recently released Economic Impact report about Iowa's Community Colleges shows a $5.5 billion impact to Iowa’s economy, including the support of 87,149 jobs to Iowans during the last year.
Iowa’s Community Colleges provide lasting impact to students, taxpayers, and society. The report includes an investment analysis for each of those groups:
-
Students see a return of $6.30 in higher future earnings for every dollar they invest in their education and an average annual rate of return of 24.9%.
-
For every dollar of public money invested in the Community Colleges, taxpayers receive $2.50 in and have an average annual rate of return of 6.2%.
-
Society benefits from $277.9 million of public and private sector savings, receiving $8.60 in return for every dollar spent for as long as students remain active in the state workforce. Iowa’s 15 Community Colleges and their students support one out of 23 jobs in the state. Disaggregated, construction spending supports 352 jobs, student spending supports 3,936 jobs, and alumni working in Iowa supports 71,230 jobs
Iowa's 15 Community Colleges and their students support one out of 23 jobs in the state. Disaggregated, construction spending supports 352 jobs, student spending supports 3,936 jobs, and alumni working in Iowa supports 71,230 jobs.
 |