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Greenwood Village, CO (October 3, 2017) – Colorado State University Global ( CSU Global ) has received the results of an economic impact study conducted by Economic Modeling Specialists International ( Emsi ).
Data from the study shows that CSU Global’s activity generates significant benefits to multiple stakeholders, specifically a present value benefit of $394.1 million to students, $335.1 million to taxpayers, and $1.2 billion to society as a whole.
Student benefits are derived from increased earnings over their working life. Taxpayers gain from the added tax revenue from the students’ higher lifetime earnings and increased business output. Societal benefits include reduced crime, lower welfare and unemployment, and increased health and well-being.
The study indicates that for every $1 a student invests in a CSU Global education, she or he will receive $4.00 in higher future earnings. The average annual return for students is 15.2 percent. The study notes this “impressive return” far outpaces the average 7.2 percent return investors see in the U.S. stock market.
Although CSU Global was founded by the State of Colorado and is a part of the Colorado State University System, it receives no state subsidies. Yet, CSU Global creates significant taxpayer benefits. The present value benefit to taxpayers is $203.9 million. Savings to the public sector due to reduced demand for government services add another $131.2 million.
Society as a whole will receive an estimated present value of $769.7 million in added national revenue over the course of CSU Global’s student and alumni working lives through higher earnings and increased business output. The U.S. will also receive an estimated savings of $467.8 million related to reduced crime, lower unemployment, and increased health and well-being.
The study also indicates that for every $1 society invests towards CSU Global, Colorado society will receive $22.90 back over the course of students’ working lifetime.
“As supported through the data in this study, CSU Global is delivering a significant return on investment for our students and making a substantial economic contribution nationally, and to the state of Colorado,” said Dr. Becky Takeda-Tinker, president and CEO of CSU Global. “The data are a testament to the hard work and dedication of our students and alumni, our faculty, and our staff, and I am pleased that collectively we are having a positive impact at multiple levels.”
About Colorado State University Global
Colorado State University Global (CSU Global) offers career relevant bachelor’s and master’s degree programs for working adults and nontraditional learners. As the first and only 100% online, fully accredited public university in the United States, CSU Global is focused on student success as its number one priority. Embracing the land grant heritage as part of the Colorado State University System, CSU Global sets the standard for quality and innovation in higher education through its expert faculty who are recognized as industry leaders and trained in working with adults in an online learning environment. CSU Global offers a streamlined enrollment process with accelerated eight week courses that start every four weeks. Visit CSUGlobal.edu or call 1-800-920-6723 for more information.
Emsi a CareerBuilder company, is a leading provider of economic impact studies and labor market data to educational institutions, workforce planners and regional developers in the U.S. and internationally. Since 2000, Emsi has completed more than 1,700 economic impact studies for educational institutions in four countries. A summary of the Emsi report is available online .