Council of Public University Presidents and Chancellors
A COLLEGE EDUCATION PROVIDES
A LIFETIME OF VALUE
HIGHER EDUCATION IN TE XAS IMPACTS THE ECONOMY.
Texas public general academic colleges and universities provide an economic value to the State. OUT-OF-STATE VISITORS ATTRACTED TO TEXAS FOR ACTIVITIES AT PUBLIC GENERAL ACADEMIC COLLEGES AND UNIVERSITIES BROUGHT NEW DOLLARS TO THE ECONOMY THROUGH THEIR SPENDING AT HOTELS, RESTAURANTS, GAS STATIONS, AND OTHER STATE BUSINESSES. VISITOR SPENDING ADDED APPROXIMATELY
$164.9 M FOR
TEXAS ECONOMY
$164.9 MILLION IN STATE INCOME FOR THE TEXAS ECONOMY. (Demonstrating the Economic Value of Texas Public General Academic Colleges and Universities, “Executive Summary”, January 2015)
RESEARCH SPENDING OF ALL
39 $1.9
PUBLIC GENERAL ACADEMIC COLLEGES AND UNIVERSITIES
15.3%
The average annual return on the taxpayer’s investment is
(Demonstrating the Economic Value of Texas Public General Academic Colleges and Universities, “Executive Summary”, January 2015)
TEXAS INTELLECTUAL PROPERTY GENERATED BY PUBLIC UNIVERSITIES
INVENTIONS PATENTS LICENSES
FY12 1,056 227 219
GENERATED BILLION IN ADDED STATE INCOME FOR THE TEXAS ECONOMY IN FY13
WHICH IS EQUIVALENT TO CREATING
32,940
NEW JOBS
(Demonstrating the Economic Value of Texas Public General Academic Colleges and Universities, “Executive Summary”, January 2015)
FY13 1,137 248 223
(Statistics Access for Technology Transfer (STATT) Database, Association of University Technology Managers/AUTM; membership required)
FY14 1,224 265 239
FY15 1,339 287 355
FY16 1,341 298 350
A COLLEGE EDUCATION
Council of Public University Presidents and Chancellors
PROVIDES
A LIFETIME OF VALUE
JUST AS STUDENTS BENEFIT FROM A COLLEGE EDUCATION,
S O D O T E X A S C O M M U N I T I E S A N D O U R S O C I E T Y. Texans with a bachelor’s degree or higher:
Texans with a high school education (includes equivalency):
POVERTY RATE
14.7
%
POVERT Y RATE FOR TE XANS AGE 25 AND OVER FOR WHOM POVERT Y STATUS IS DE TERMINED BY EDUCATIONAL AT TAINMENT LE VEL .
TEXAS PARTICIPATION IN GROUP MEMBERSHIP
TEXAS’ LABOR FORCE PARTICIPATION RATE
74.9%
(religious, neighborhood, sports leagues, social/charitable organizations) TEXANS WITH A BACHELOR’S DEGREE:
TEXANS WITH A HIGH SCHOOL EDUCATION:
28
%
61.4%
Texans with a bachelor’s degree or higher in labor force
Texans with a high school education in labor force
(Texas Workforce Commission “2016 Texas Annual Economic Report”)
100%
TEXAS 2016 GENERAL ELECTION TURNOUT
75% PARTICIPATE IN GROUP MEMBERSHIP
50% 25%
0 (2016 Annette Strauss Institute for Civic Life “2018 Texas Civic Health Index”)
TEXANS WITH A BACHELOR’S DEGREE
47%
TEXANS WITH A HIGH SCHOOL EDUCATION
(2016 Annette Strauss Institute for Civic Life “2018 Texas Civic Health Index”)
A COLLEGE EDUCATION
Council of Public University Presidents and Chancellors
PROVIDES
A LIFETIME OF VALUE
A COLLEGE EDUCATION SIGNIFICANTLY INCREASES LIFETIME
PROSPERIT Y AND ECONOMIC SECURIT Y FOR TE XANS. Texans with a college education earn, on average, more each year and over their lifetimes than those with a high school diploma.
EDUCATION
$1
$3.10
RETURN
FOR EVERY $1 A TEXAS STUDENT INVESTS IN OUT-OF-POCKET EXPENSES AND FORGONE TIME AND MONEY TO ATTEND A PUBLIC UNIVERSITY, THEY RECEIVE A CUMULATIVE $3.10 IN HIGHER FUTURE WAGES.
13.3 %
THE AVERAGE ANNUAL RETURN FOR EACH STUDENT’S INVESTMENT IS 13.3%.
(Demonstrating the Economic Value of Texas Public General Academic Colleges and Universities, “Executive Summary”, January 2015)
Difference:
$6M
$27,534
Texans with a bachelor’s degree:
$52,134
Texans with a graduate or professional degree:
$68,165
(2016 www.factfinder.census.gov)
$3M $2M $1M $0M
$2,244,125
$4M
$2,099,160
Texans with a high school education (includes equivalency):
$1,713,956
$5M $1,321,070
(in 2016 inflation-adjusted dollars)
$3,363,173
MEDIAN EARNINGS IN THE PAST 12 MONTHS
$3,920,574
$1,649,217
$7M
$4,899,058
$8M
$6,668,449
LIFETIME EARNINGS FROM AGE 25 TO 64 RAPIDLY INCREASE WITH HIGHER LEVELS OF EDUCATIONAL ATTAINMENT
$ $ $ $ $ $ $ $
HIGH SCHOOL HIGH SCHOOL SOME COLLEGE ASSOCIATE DROPOUT DIPLOMA NO DEGREE DEGREE
BACHELOR’S DEGREE
MASTER’S DEGREE
DOCTORAL PROFESSIONAL DEGREE DEGREE
Source: U.S. Census Bureau, American Communities Survey, 2014, 2015, and 2016. 3-Year average inflation-adjusted earnings summed for ages 25 to 64 by educational attainment for those working more than 32 hours per week and 49 weeks per year.
A COLLEGE EDUCATION
Council of Public University Presidents and Chancellors
PROVIDES
A LIFETIME OF VALUE
A COLLEGE EDUCATION LEADS TO HEALTHIER LIFESTYLES FOR TEXANS. TEXANS WITH A COLLEGE EDUCATION ARE MORE LIKELY TO BE PHYSICALLY HEALTHY. FOR EXAMPLE, TEXANS WITH A COLLEGE EDUCATION ARE LESS LIKELY TO SMOKE, EXPERIENCE A HEART ATTACK OR REPORT MENTAL DISTRESS.
(Texans are reflected below as ranked compared to people in other states.)
TEXANS WHO SMOKE
TEXANS WITH A
TEXANS RANKING IN THE NATION FOR HEART ATTACK, HEART DISEASE AND HIGH BLOOD PRESSURE
TEXANS WITH A
HEART ATTACK (ranking in the nation: 22nd)
HEART DISEASE
(ranking in the nation: 4th)
HIGH BLOOD PRESSURE
(2017 America’s Health Rankings Annual Report)
Texans with a college degree:
Texans with a high school education:
POOR MENTAL HEALTH DAYS
POOR MENTAL HEALTH DAYS
22nd
MENTAL DISTRESS
High School grad
20 15 23
2 4 15
(2017 America’s Health Rankings Annual Report)
TEXANS WHO REPORT POOR MENTAL HEALTH DAYS/ REPORT FREQUENT MENTAL DISTRESS, RANKING IN THE NATION
13th
College grad
7th
8
th
MENTAL DISTRESS
(2017 America’s Health Rankings Annual Report)
TEXANS WHO REPORT POOR PHYSICAL HEALTH DAYS, RANKING IN THE NATION
Texans with a college degree:
18th
OBESE CHILDREN IN TEXAS Children living with an adult in the household that has a college degree or higher:
11.3% Children living with an adult in the household that has a high school education or GED:
Texans with a high school education:
3rd
(2017 America’s Health Rankings Annual Report)
20% (www.childhealthdata.org)
A COLLEGE EDUCATION
Council of Public University Presidents and Chancellors
PROVIDES
A LIFETIME OF VALUE
TE XANS WITH COLLEGE DEGREES ARE ACTIVELY EMPLOYED AND SUPPORT THE TE XAS ECONOMY. TEXAS TEACHER RETENTION, 2013 - 2017 2012-2013
FIRST YEAR OF EMPLOYMENT
87.4%
2013
RETENTION 1 YEAR %
2015
RETENTION 3 YEAR %
2017
RETENTION 5 YEAR % 0
20
40
2012-2013
73.9% 64.2%
60
80
100
Preparation Route
Alternative University
FIRST YEAR OF EMPLOYMENT
2013
RETENTION 1 YEAR %
2015
RETENTION 3 YEAR %
2017
RETENTION 5 YEAR % 0
20
40
2012-2013
92.3% 78.6% 68.8% 60
80
FIRST YEAR OF EMPLOYMENT
2013
RETENTION 1 YEAR %
2015
RETENTION 3 YEAR %
2017
RETENTION 5 YEAR %
100
Preparation Route
0
20
40
60
94.7% 86.3% 76.6% 80
100
Preparation Route
Post-Baccalaureate
University Undergraduate
(Texas Education Agency, Educator Reports and Data, “Teacher Retention by Route 2013-2017”)
TOP 25 TEXAS OCCUPATIONS ADDING THE MOST JOBS, 2016 Education Needed for Entry High School or No Credential Bachelor's Degree or Higher
Annual Average Openings
Annual Average Wage
Occupations
169,425 36,215
$31,685 $78,875
cooks, food prep, aides, retail, cashiers nurses, teachers, accountants, managers
Texas Workforce Commission, 2014 2024 Employment Projections, All Occupations (2016)
TOP 25 TEXAS FASTEST GROWING OCCUPATIONS, 2016 Education Needed for Entry
Annual Average Openings
Annual Average Wage
High School or No Credential
44,945 2,915
$31,310 $122,790
Bachelor's Degree or Higher
Occupations cooks, food prep, aides nurses, allied health fields
Texas Workforce Commission, 2014 2024 Employment Projections, All Occupations (2016)
A COLLEGE EDUCATION
Council of Public University Presidents and Chancellors
PROVIDES
A LIFETIME OF VALUE
HIGHER EDUCATION IN TEXAS POSITIVELY IMPACTS THE ECONOMY AND WORKFORCE, BENEFITS OUR COMMUNITIES, INCREASES LIFETIME PROSPERITY AND LEADS TO HEALTHIER LIFESTYLES.
Difference:
$1M $0M
$2,099,160
$2M
$1,321,070
$3M
$1,713,956
$4M
$2,244,125
$5M
$3,363,173
$6M
$3,920,574
$1,649,217
$7M
$4,899,058
$8M
$6,668,449
LIFETIME EARNINGS FROM AGE 25 TO 64 RAPIDLY INCREASE WITH HIGHER LEVELS OF EDUCATIONAL ATTAINMENT
$ $ $ $ $ $ $ $
HIGH SCHOOL HIGH SCHOOL SOME COLLEGE ASSOCIATE DROPOUT DIPLOMA NO DEGREE DEGREE
BACHELOR’S DEGREE
MASTER’S DEGREE
TEXANS WHO SMOKE
TEXANS WITH A
TEXANS WITH A
(ranking in the nation: 22nd)
(ranking in the nation: 4th)
(2017 America’s Health Rankings Annual Report)
DOCTORAL PROFESSIONAL DEGREE DEGREE
Source: U.S. Census Bureau, American Communities Survey, 2014, 2015, and 2016. 3-Year average inflation-adjusted earnings summed for ages 25 to 64 by educational attainment for those working more than 32 hours per week and 49 weeks per year.
TEXAS PARTICIPATION IN GROUP MEMBERSHIP
(religious, neighborhood, sports leagues, social/charitable organizations) TEXANS WITH A BACHELOR’S DEGREE
PARTICIPATE IN GROUP MEMBERSHIP
(2016 Annette Strauss Institute for Civic Life “2018 Texas Civic Health Index”)
28
%
TEXANS WITH A HIGH SCHOOL EDUCATION
15.3
The average annual return on the taxpayer’s investment is
%
(Demonstrating the Economic Value of Texas Public General Academic Colleges and Universities, “Executive Summary”, January 2015)