CCA's Impact: Over $187 Million Annually
Students Receive 370% Return on Investment
A new economic impact study released May 8 revealed that the Community College of Aurora’s annual financial impact in its service community amounted to $187.487 million.
The fiscal examination of CCA showed the institution increased the lifetime incomes of its students, benefitted taxpayers, and increased tax revenues while reducing the demand for taxpayer-supported social services.
Going deeper inside the numbers:
- Regional income attributable to the accumulation of CCA skills over the past 28 years amounts to $170.185 million annually, due to the higher earnings of students and increased output of businesses.
- The CCA service area economy receives at least $15.425 million per year in income due to school operations.
- For every dollar students invest in CCA, they receive a cumulative $3.70 in higher future income over the course of their working careers. On an annual basis, after adjusting for inflation, students receive a rate of return of 13.3% on the money they invested in their community college education.
- Taxpayers see a rate of return of 9.1 percent on their CCA investment.