College: Degrees of Success
December, 21, 2009
Richmond Times-Dispatch
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"According to the Weldon Cooper Center for Public Service at UVa, every dollar invested in the commonwealth's colleges and universities creates more than $13 in economic activity -- and $1.39 in state tax revenue. Few -- if any -- government expenditures result in a 40 percent return on investment. The institute estimates that an additional 70,000 college degrees awarded by 2020 would create $16 billion in increased personal income for Virginians, and an additional $1.9 billion in state revenue. In the not-so-long-run, higher education more than pays for itself."
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