Schenectady County Community College
Student Perspective
Economic Impact
Education Will Pay You Back—For a Lifetime Average Earnings at Career Midpoint $60,000 $50,000 $40,000 $30,000 $20,000 $10,000
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• The average annual income of the typical Associate Degree graduate from SCCC at the midpoint of his or her career is $53,000, 37% more than someone with a high school diploma. • Over the course of a working lifetime, Associate Degree graduates from SCCC earn $590,400 more than someone with a high school diploma.
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• Students enjoy an attractive 21% rate of return on their SCCC educational investment, and recover all costs (including wages given up while attending classes instead of working) in only 7 years. • Over the course of his or her working career, the average SCCC student’s lifetime earnings will increase $8.20 for every dollar invested in their SCCC education (in the form of tuition, fees, and foregone earnings). • Students see their annual income increase, on average, by $237 per year for every credit completed at SCCC.
Education Is Your Ticket to a Better Job High-Paying Local Jobs by Education Level Percent of Area Jobs
50% 40% 30%
• By 2018 it is anticipated that there will be about 17,600 new and replacement jobs available in the SCCC Service Area economy. • About 31% of these jobs will require an education level equal to an associate’s degree or greater. • Another 4% of available jobs in 2018 will require some kind of post-secondary certificate or vocational award.
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EMSI is a leading provider of socioeconomic impact and strategic planning tools to community and technical colleges in the US and Canada.Visit us at www.economicmodeling.com for more information.To see full documentation of the study, please contact the college.
May-08