Broward College Economic Impact Studies

Two recent studies have highlighted the impact of Broward College on the economy and the earning potential of students who complete post-secondary programs offered by the institution.

 

The Florida Economic Security Report 2024

The Florida Economic Security Report, per section 445.07, Florida Statues, provides information on employment and earnings outcomes for individuals who graduated from Florida’s post-secondary educational institutions. Results presented in this report show the variation in earnings, employment, election to continue education, and proportion of public assistance recipients for graduates of Florida’s three public educational systems. The average federal debt acquired by all students in a public postsecondary education institution (not just graduates) in academic year 2020-2021 is also reported. The results show what type of postsecondary credentials students earn and what they study matters.

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Florida TaxWatch Shows Value of a Broward College Education

A 2020 Florida TaxWatch report shows that students who earn a degree from Broward College substantially increase their earnings and quality of life upon graduation. The findings showed that for every $1 that a Broward College graduate spends on their education, they could expect to earn $6.63 in additional personal income over a working career. Among the other key findings, the report also found that the College provides students the best return on their investment and offers substantial economic impact across the county. It also underscores the importance of a college degree, whether an associate or bachelor’s degree, to the lifetime earnings of graduates.

The Study was commissioned by the Broward College Foundation to independently assess the economic impact of the College and the value to students who complete its programs.

Dominic Calabro, president, and chief executive officer of Florida TaxWatch, in his assessment of the results, on its release in February 2020, stated, "Our analysis of Broward College found that not only are the College’s graduates seeing lower student debt burdens and a nearly 10 percent return on the investment of their time and money, the College itself is producing a positive economic boost in South Florida with a total economic impact of more than $1.7 billion. As Florida continues to grow, Broward College is well positioned to benefit and expand, providing increased returns to its students, the South Florida region, and the State of Florida."

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