Articles - Winter 2007 - return to index
Lane: Will return your investment
On behalf of the Lane Community College Board of Education, I want to thank the voters of the district who supported the local option tax levy. Although it did not pass, the students, faculty and staff of Lane will work to make the most of your existing investment in Lane. The return on that investment is more than just financial but that is the easiest to describe.
A recent study by CCbenefits Inc. provided extended statistical documentation and analytical evidence of how Lane Community College returns the economic investment both students and the taxpayers. Students can expect a 17 percent return on their investment of their tuition. In fact, a Lane student can expect to earn $4.60 in higher future earnings over their working careers for every dollar in tuition they invest in themselves.
The taxpayers also benefit from investing their taxes in Lane. Lane returns approximately $60 million annually to the local economy through payroll and purchases than it takes in through local taxes. The local economy also benefits from the higher earnings of former students adding up to an annual contribution of $767 million. Along with the avoided costs to taxpayers of social services, the return on investment is 15 percent or $3.60 for every dollar of tax money invested.
So thank you for supporting Lane. The students, faculty and staff will return your trust in them.
