91ԭƬ

In FY 2022-23, 91ԭƬ added $110.9 million in income to the 91ԭƬ Taxing District^* economy, a value approximately equal to 2.7% of the region’s total gross regional product (GRP). Expressed in terms of jobs, 91ԭƬ’s impact supported 1,891 jobs.

For perspective, the activities of 91ԭƬ and its students support one out of every 26 jobs in the 91ԭƬ Taxing District.

Operations spending impact

91ԭƬ employed 453 full-time and part-time faculty and staff. Payroll amounted to $18.2 million, much of which was spent in the region for groceries, mortgage and rent payments, dining out, and other household expenses. The college spent another $8.7 million on its expenses related to facilities, supplies, and professional services (excluding construction).

The net impact of the college’s operations spending added $10.9 million in income to the regional economy in FY 2022-23.

Student spending impact

Around 34% of students attending 91ԭƬ originated from outside the region. Most of them relocated to the 91ԭƬ Taxing District. In addition, some in-region students, referred to as retained students, would have left the 91ԭƬ Taxing District for other educational opportunities if not for 91ԭƬ. These relocated and retained students spent money on groceries, mortgage and rent payments, and other living expenses at regional businesses. 

The expenditures of relocated and retained students in FY 2022-23 added $9.5 million in income to the 91ԭƬ Taxing District economy. 

Alumni impact

Over the years, students have studied at 91ԭƬ and entered or re-entered the workforce with newly acquired knowledge and skills. Today, thousands of these former students are employed in the 91ԭƬ Taxing District.

The net impact of 91ԭƬ’s former students currently employed in the regional workforce amounted to $90.5 million in added income in FY 2022-23.

* For the purposes of this analysis, the 91ԭƬ Taxing District is comprised of 16 zip codes spanning across Crawford, Franklin, St. Charles, and Warren Counties in Missouri. 

Impacts created by
91ԭƬ in FY 2022–23

Student perspective 

91ԭƬ’s FY 2022-23 students paid a present value of $7.7 million to cover the cost of tuition, fees, supplies, and interest on student loans. They also forwent a value of $5.7 million in time and money had they been working instead of attending college. 

In return for their investment, students will receive a cumulative present value of $74.3 million in increased earnings over their working lives.

This translates to a return of $5.60 in higher future earnings for every dollar students invest in their education. Students’ average annual rate of return is 17.9%. 

Taxpayer perspective 

Taxpayers provided 91ԭƬ with $18.6 million of funding in FY 2022-23. In return, they will benefit from added tax revenue, stemming from students’ higher lifetime earnings and increased business output, amounting to $22.5 million. A reduced demand for government-funded services in Missouri will add another $3.1 million in benefits to taxpayers. 

Total taxpayer benefits amount to $25.6 million, the present value sum of the added tax revenue and public sector savings. For every dollar of public money invested in 91ԭƬ, taxpayers will receive $1.40 in return over the course of students’ working lives. The average annual rate of return for taxpayers is 2.2%. 

Social perspective 

In FY 2022-23, Missouri invested $35.4 million to support 91ԭƬ. In turn, the Missouri economy will grow by $289.0 million, over the course of students’ working lives. Society will also benefit from $12.6 million of public and private sector savings. 

For every dollar invested in 91ԭƬ in FY 2022-23, people in Missouri will receive $8.50 in return, for as long as 91ԭƬ’s FY 2022-23 students remain active in the state workforce. 

Students see a high rate of return for their investment in 91ԭƬ