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