economic contribution of university of nebraska at kearney
TRANSCRIPT
Economic Contribution of
ECONOMIC GROWTH ANALYSIS
INVESTMENT ANALYSIS
Study consists of…
Student perspective
Social perspective
Taxpayer perspective
INVESTMENT ANALYSIS
• Benefits—present value of increased future income
• Costs—tuition and fees, books and supplies, and opportunity cost of time
INVESTMENT ANALYSIS: Student Perspective
benefit/cost ratio
INVESTMENT ANALYSIS: Student Perspective
UNK student benefits and costs, $ millions
$605.4
$97.4
Present Cost
Future Benefit Stream
6.2
return on investment
INVESTMENT ANALYSIS: Student PerspectiveINVESTMENT ANALYSIS: Student Perspective
16.5%
INVESTMENT ANALYSIS: Student Perspective
Average income in Nebraska at career midpoint
<HS HS Associate’s Bachelor’s
$58,400
$39,800
$28,100
$19,400
INVESTMENT ANALYSIS: Social Perspective
• Added income—higher earnings and increased property income
• Social savings—reduced medical costs, lower crime rates, and reduced income assistance
INVESTMENT ANALYSIS: Social Perspective
Annual benefits to Nebraska public due to UNK, $ millions
Social
savings, $11.1
Added income, $655.4
INVESTMENT ANALYSIS: Taxpayer Perspective
• Benefits—added tax revenue and avoided costs to government
• Costs—state government funding
INVESTMENT ANALYSIS: Taxpayer Perspective
Benefits and costs to state taxpayers due to UNK, $ millions
$693.7
$38.3
State appropriations and other state
support
Annual Benefit
benefit/cost ratio
18.1
return on investment
INVESTMENT ANALYSIS: Taxpayer Perspective
6.0%
College operations
Student spending
Student productivity
Transfer student effect
ECONOMIC GROWTHANALYSIS
ECONOMIC GROWTH: College Operations Effect
• Direct income of faculty and staff
• Associated multiplier effects
• Adjustment for alternative uses of funds
net contribution to Nebraska income
ECONOMIC GROWTH: College Operations Effect
$47.4 million
• Spending by students from outside Nebraska
• Associated multiplier effects
ECONOMIC GROWTH: Student Spending Effect
net contribution non-Nebraskan students’ spending to state’s economy
ECONOMIC GROWTH: Student Spending Effect
$2.6 million
ECONOMIC GROWTH: Student Productivity Effect
• Higher income of former students who are still active in the Nebraska workforce
• Associated multiplier effects
net annual contribution of 30,000 UNK alumni to Nebraska economy
ECONOMIC GROWTH: Student Productivity Effect
$590.5 million
UNK’s net annual contribution to Nebraska economy
ECONOMIC GROWTH: Total Effect
$653.8 million
SO WHAT DOES ALL THIS MEAN?
• Enriches the lives of students
• Increases students’ lifetime income
• Generates government revenue
• Reduces the demand for social services
• Contributes to the growth of the economy
University of Nebraska at Kearney....
University of Nebraska at Kearney....
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