Reports aim to put a dollar figure on value of colleges
The Boston Globe - 07/07/2012
How much is a college worth?
For every dollar society puts into a school — either through direct government funding or by granting tax-exempt status — how much public benefit is realized?
It is a deceptively simple question that has defied an easy answer. But as tuitions rise and the economy drags, there is a newly keen desire, especially in a college town like Boston, to measure higher education’s overall return on investment.
Two new reports give the task a try. The first looks at the input side of the equation, using Northeastern University as a case study. The second report, focusing on the University of Massachusetts system, finds that for every dollar invested, the community — in this case, the state — ultimately gets about two back in the form of job creation, facilities for public use, and other benefits.