The Economic Impact of the Los Angeles Community Colleges.Report as inadecuate




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This report addresses the impact of the Los Angeles Community Colleges on the Los Angeles region. Several elements make up the total effect of an educational institution on the economy of the surrounding area: total district expenditures; the amount spent by students to support their education; and the effect of community college education on the income of students after they leave college. The Los Angeles Community Colleges have a large service area that absorbs almost all of its expenditures, while some of its revenue is obtained directly or indirectly from local sources. Therefore, a median figure of 2.0 seems most valid as a multiplier for District expenditures. District expenditures and student expenditures in 1998-99 generated economic activity of approximately $882 million and $583 million, respectively. To most accurately determine the impact of student spending, the cost figure should be multiplied by the full-time-equivalent (FTES) of District students for the academic year. For all Los Angeles adults 18 and over, male and female, with earned income in 1989, the average income differential between 4 years of high school and 1-3 years of college was $4,782. Increased annual income by former students accounted for $3.6 billion. Thus, the total economic impact in 1998-99 was $5.1 billion. (JA)

Descriptors: Community Colleges, Economic Impact, Economic Research, Educational Economics, Educational Finance, Expenditures, School Community Relationship, School Funds, Socioeconomic Influences, Two Year Colleges











Author: Kelly, Dexter

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=9390&id=ED443494







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