Economic Impact of a KC Education

CCBenefits, Inc. conducted an economic impact study of the effect Kaskaskia College has on the local economy, and the economic effect for students completing programs at the College. The following are a few of the most compelling highlights:

Economic Impact of Kaskaskia College:

  • Annual state and local government support for KC will be fully recovered in 8.9 years.
  • State and local government will see an annual rate of return of 14.7 percent on their financial tax support for KC.
  • For every dollar KC pays in salaries, there is another 31 cents or 31 percent generated in the district; which is the multiplier.
  • KC programs are critical for recruiting new businesses, expanding current businesses, and for creating long-term economic growth.
  • It is estimated the region embodies over one million credit/non-credit hours earned at KC.
  • KC is considered the “Engine for Economic Development.”

Economic Impact on KC Graduates:

  • After successfully completing a program at KC, the average student will spend 35.8 years in the workforce, and he/she will earn $379,982 more than someone with just a high school diploma or GED.
  • The average annual earnings of someone with an Associate Degree is $39,763, or 36.4 percent more per year than someone with just a high school diploma or GED.
  • Students enjoy an attractive 30.4 percent rate of return on their KC educational investment, and they recover all educational costs in 4.9 years.
  • KC graduates have earned $123.76 million that has caused an additional $91.56 million in other industries increased sales.
  • 80 percent of all KC students are employed full or part time.
  • 73 percent of KC students stay in the region and contribute to the local economy after graduation.
  • Nationally, individuals with higher levels of education have lower unemployment rates. In 2010, the unemployment rates are as follows:
    1. 14.9% with less than a high school diploma
    2. 10.3% for high school graduates
    3. 9.2% for individuals with some college
    4. 7.0% with an Associate Degree

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