ECONOMIC IMPACT 2011-2012

MORE EARNING POWER

Associates Degrees
Approximately 4,000 students will have received an associates degree by the end of the 2012 summer session. Statistics from the The College Payoff report in 2011 by the Georgetown University Center on Education and the Workforce show someone with an associates degree can expect to earn, on average, $1.7 million over his or her lifetime, compared to high school graduates, who earn on average $1.3 million. Based on these numbers, our 4,000 graduates have the potential to earn almost $1.6 billion more than their counterparts with only a high school diploma. Thats $1.6 billion more in additional buying power, investment opportunity, and local, state and federal taxes that support our roads, schools, government, national defense and much more.

Expected lifetime earnings

Source: The College Payoff, Georgetown University, Center on Education and the Workforce, 2011

$2.3 Million

$1.7 Million $1.3 Million

Bachelors & Masters Degrees

High School Diploma

Associates Degree

Bachelors Degree

The figures quoted above do not include approximately 550 people who have received a bachelors or masters degree through Missouri State Universitys Outreach program on our campus. The same Georgetown University report shows a person with a bachelors degree can expect to earn $2.3 million over a lifetime, compared to the $1.3 million earned by high school graduates. That represents another $550 million in buying power.

IMPACT ON COMMUNITY & STUDENTS

Campus Budget
The 2011-2012 Missouri State-West Plains budget had operating revenues (including auxiliaries) of approximately $10.3 million 54 percent of which came from state appropriations and 46 percent of which came from tuition, fees and other sources. The budget covered the salary of 274 full-time and part-time employees, most of whom are area residents. Those 274 employees have a combined salary of $6.2 million, most of which is spent locally. University employees and students also volunteer over 9,000 hours annually on community causes. Minimum wage for those hours would add up to more than $65,000. Recent maintenance projects were contracted with four different area companies totaling $111,000. Recent construction projects include the Student Recreation Center and Gohn Hall which cost approximately $4.5 million to build. The campus brings in approximately 2,100 students annually who spend approximately $250 a month for 10 months on food, gasoline and other needs in West Plains and surrounding areas, totaling $5.25 million in local spending. In 2011-2012, students were awarded $11 million in financial aid, $500,000 of which came from institutional scholarships. University charges for tuition and fees only totaled $4.9 million. This means $6.1 million went back into the local economy from financial aid sources. When totaled with the $6.2 million payroll budget, more than $12.3 million went directly into the local and area economies from financial aid and payroll sources alone. During 2011-2012, Grizzly Athletics hosted eight home volleyball dates and 14 home basketball games. Attendance at these 22 competitions attracted almost 25,000 fans, many of whom came from outside West Plains. In addition, many of the visiting teams used lodging in West Plains, and practically all purchased food here. Athletic event numbers will increase when Missouri State-West Plains hosts the NJCAA Division I Womens National Volleyball Championship Tournament, which returns to West Plains for the ninth time this November. The event will draw 16 teams with an average of 25 players, coaches and other school personnel to West Plains for four days. During that time, they will spend $60-$65 per day in West Plains, totaling $100,000. Economists will tell you that $1 spent on such an activity is turned over numerous times in the community. This past year, U/CPs Small Business and Technology Development Center counseled 80 local entrepreneurs resulting in 22 new businesses, 57 new jobs and 32 jobs retained; $1 million of financial investment in the area; and $2 million in increased sales in the community. While the figures given so far are calculable examples of the universitys impact, there are other incalculable impacts that are just as important. With a $75,000 investment from the university, in addition to grants and ticket sales, the Theater and Events Department brings in a variety of cultural programs and performances at low cost or no cost to attendees, which area residents would have been unable to see without traveling a great distance. The impact on students can best be seen at each Commencement Ceremony when students cross the stage, some with tears in their eyes, to receive their diploma. Impact of Missouri State-West Plains since founded in 1963 - Over $1.6 Billion Annual impact of the campus on West Plains and surrounding areas - Tens of Millions of Dollars Impact of Educational Opportunities on an Individual - PRICELESS!!!!!! Updated 10/2/2012
Missouri State University-West Plains is an EO/AA institution.

Student Spending Financial Aid

Athletics

University/Community Programs

Students