Issue link: http://georgiancollege.uberflip.com/i/985337
Alumni impact • Over the years, students have studied at Georgian and entered or re-entered the workforce with newly-acquired skills. Today, thousands of these former students are employed in the Georgian Catchment Area. • The accumulated contribution of former students currently employed in the regional workforce amounted to $969.9 million in added income during the analysis year. RETURN ON INVESTMENT TO STUDENTS, SOCIETY, AND TAXPAYERS Student perspective • Georgian's FY 2016-17 students paid a total of $93.4 million to cover the cost of tuition, fees, books, and supplies. They also forwent $171.6 million in money that they would have earned had they been working instead of learning. • In return for the monies invested in the college, students will receive a present value of $1.3 billion in increased earnings over their working lives. This translates to a return of $5.10 in higher future earnings for every $1 that students invest in their education. The average annual return for students is 18.7%. Social perspective • Society as a whole in Ontario will receive a present value of $7.3 billion in added provincial income over the course of the students' working lives. Society will also benefit from $48.8 million in present value social savings related to reduced crime, fewer demands for income assistance, and increased health and well-being across the province. • For every $1 that society spent on educations from Georgian during the analysis year, society as a whole will receive a cumulative value of $19.40 in benefits. This will occur for as long as Georgian's FY 2016-17 students remain active in the provincial workforce. Taxpayer perspective • In FY 2016-17, provincial taxpayers in Ontario paid $78 million to support the operations of Georgian. The net present value of the added tax revenue stemming from higher lifetime student earnings and increased output of businesses amounts to $1.2 billion. Savings to the public sector add another $19.4 million in benefits due to a reduced demand for government-funded social services in Ontario. • Dividing benefits to taxpayers by the associated costs yields a 15.4 benefit- cost ratio, that is, every $1 in costs returns $15.40 in benefits. Given returns well above what taxpayers pay in, Georgian not only pays its own way, but also generates a surplus that the provincial government can use to fund other programs. For every $1 spent by… STUDENTS $5.10 Gained in lifetime earnings for STUDENTS TAXPAYERS $15.40 Gained in added taxes and public sector savings for TAXPAYERS SOCIETY $19.40 Gained in added provincial revenue and social savings for SOCIETY 4 0 9 S . J A C K S O N S T R E E T , M O S C O W , I D A H O 8 3 8 4 3 | 2 0 8 - 8 8 3 - 3 5 0 0