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SocioEconomic Benefits

"The college enriches the lives of students and increases their lifetime incomes. It benefits taxpayers by generating increased tax revenues from an enlarged economy and reducing the demand for taxpayer- supported social services. It contributes to the vitality of both the local and state economies"¹

  • Capital Community College (CCC) contributes an estimated $107.5 million to the region's economy from its operations and student productivity and employment. The estimate includes $18 million in wages, salaries and benefits and an additional $89.5 million in earnings off campus.
  • Students enjoy an attractive 24% annual return on their investment of time and money.
  • For every $1 a student invests in a CCC education, he/she will receive a cumulative of $6.85 in higher future earnings. The payback period to recover all costs is 6.1 years.
  • For every full-time year a student attends Capital Community College he/she will earn an additional $4,420 per year. Over 30 years a graduate of an associate degree program will average $265,200 in higher earnings.
  • In the aggregate, Capital graduates and students (all exiting students) earn $6.8 million in higher earnings per year for every year they are in the workforce.
  • The community benefits from improved health and reduced welfare, unemployment and crime, saving an estimated $1.5 million per year.
  • Taxpayers see a real money "book" return of 7.7% on their annual investment in the college and recover all investments in 14.5 years.
  • Every dollar of state tax money invested in CCC today returns a cumulative of $10 over the next 30 years.

Capital Community College Foundation


 

 

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