The University of Illinois System contributes $17.5 billion annually to the state’s economy through its research, hospital, and entrepreneurial activities, along with the universities’ students and visitors, according to a recent study. The U of I System’s impact supports more than 171,300 jobs–which means that one out of every 46 jobs in Illinois is supported by the activities of the universities and their students.
Students who invest in their U of I education will collectively receive a present value of $10.4 billion in increased earnings over their working lives. This translates to a return of $5.00 in higher future earnings for every $1 that students invest in their education. The average annual return for students is 15.4%.
The study was conducted by Idaho-based Economic Modeling Specialists Intl., who performed their analysis based on data from FY 2017 (July 1, 2016 through June 30, 2017).
To learn more, visit uillinois.edu.
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