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Economic report shows college education is an excellent investment for students

2014-05-21, 1:04 PM

A new economic-impact report has found that students who enroll at St. Lawrence College get an excellent return on their investment in their post-secondary education.

The report, by EMSI (Economic Modeling Specialists International), shows that students at St. Lawrence College will get an 18.9 per cent return on their investment in college education. The report says the students will enjoy long-term earnings and other benefits that will be $4.40 times greater than what they spend to attain their college education.

“College education continues to be a terrific investment, particularly in this new economy,” said Glenn Vollebregt, President and CEO, St. Lawrence College. “Our students acquire the qualifications and advanced skills to pursue meaningful and rewarding careers.”

EMSI, which is world-renowned for its economic analyses of post-secondary education, conducted its assessment of St. Lawrence College from December 2013 to April 2014. Click here for full report.

“In return for their investment, students of the Ontario colleges develop the skills required for an increasingly globalized workplace and receive a stream of higher future wages that will continue to grow throughout their working lives,” the report says.

The report also found the Ontario government gets a huge return on its investment into the College. It shows that St. Lawrence College delivers a return of almost 16.6 per cent for every dollar the province invests in the college.

Vollebregt said the report’s findings are important as Ontario looks for solutions to the skills mismatch and the daunting challenges of youth unemployment and underemployment.

Vollebregt said greater numbers of people must get access to college education, including combinations of college and university programs. It is equally important to ensure that colleges have the resources to continue delivering the high-quality programs that deliver excellent returns to government.

“College education is more important than ever to the local economy and to helping people find long-term success,” Vollebregt said. “I would urge candidates in the provincial election to support new investments into the high-quality programs at our college.”


For more information:

Laura Tulchinsky, Communications
613-544-5400, ext. 1291