Where Value Meets Values: The Economic Impact of Community Colleges – Analysis of the Economic Impact and Return on Investment of Education

Source: Economic Modeling Specialists Intl., February 2014

From the abstract:
Community Colleges Contributed $809 Billion to Economy in 2012

The American Association of Community Colleges (AACC) released a report, “Where Value Meets Values: The Economic Impact of Community Colleges,” showing that community colleges are a boon to the American economy at large and to the individual student.

In 2012 alone, the net total impact of community colleges on the U.S. economy was $809 billion in added income, equal to 5.4 percent of GDP. Over time, the U.S. economy will see even greater economic benefits, including $285.7 billion dollars in increased tax revenue as students earn higher wages and $19.2 billion in taxpayer savings as students require fewer safety net services, experience better health, and lower rates of crime.

Students also see a significant economic benefit. For every one dollar a student spends on his or her community college education, he or she sees an ROI of $3.80.
See also:
* Executive Summary
* Economic Impact Study Fact Sheet
* Return on Investment: Social
* Return on Investment: Student
* Return on Investment: Taxpayer