ÌÇÐÄvlog¹ÙÍø

In FY 2022-23, ÌÇÐÄvlog¹ÙÍø added $110.9 million in income to the ÌÇÐÄvlog¹ÙÍø Taxing District^* economy, a value approximately equal to 2.7% of the region’s total gross regional product (GRP). Expressed in terms of jobs, ÌÇÐÄvlog¹ÙÍø’s impact supported 1,891 jobs.

For perspective, the activities of ÌÇÐÄvlog¹ÙÍø and its students support one out of every 26 jobs in the ÌÇÐÄvlog¹ÙÍø Taxing District.

Operations spending impact

ÌÇÐÄvlog¹ÙÍø 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 ÌÇÐÄvlog¹ÙÍø originated from outside the region. Most of them relocated to the ÌÇÐÄvlog¹ÙÍø Taxing District. In addition, some in-region students, referred to as retained students, would have left the ÌÇÐÄvlog¹ÙÍø Taxing District for other educational opportunities if not for ÌÇÐÄvlog¹ÙÍø. 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 ÌÇÐÄvlog¹ÙÍø Taxing District economy. 

Alumni impact

Over the years, students have studied at ÌÇÐÄvlog¹ÙÍø and entered or re-entered the workforce with newly acquired knowledge and skills. Today, thousands of these former students are employed in the ÌÇÐÄvlog¹ÙÍø Taxing District.

The net impact of ÌÇÐÄvlog¹ÙÍø’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 ÌÇÐÄvlog¹ÙÍø Taxing District is comprised of 16 zip codes spanning across Crawford, Franklin, St. Charles, and Warren Counties in Missouri. 

Impacts created by
ÌÇÐÄvlog¹ÙÍø in FY 2022–23

Student perspective 

ÌÇÐÄvlog¹ÙÍø’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 ÌÇÐÄvlog¹ÙÍø 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 ÌÇÐÄvlog¹ÙÍø, 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 ÌÇÐÄvlog¹ÙÍø. 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 ÌÇÐÄvlog¹ÙÍø in FY 2022-23, people in Missouri will receive $8.50 in return, for as long as ÌÇÐÄvlog¹ÙÍø’s FY 2022-23 students remain active in the state workforce. 

Students see a high rate of return for their investment in ÌÇÐÄvlog¹ÙÍø