Higher Education generates billions for Idaho

Jan 24 - A new study commissioned by the Idaho State Board of Education shows that Idaho taxpayers see an 80-percent rate of return for every dollar invested in public higher education.

And students see a return of $4.20 in higher future earnings for every dollar they invest in their education – an average annual rate of return for students of 16.6%.

The independent study titled “The Economic Value of Idaho Colleges and Universities” was commissioned by the State Board of Education and conducted by the Moscow, Idaho-based firm Emsi Burning Glass. It concluded that Idaho’s eight higher education institutions generate $4.5 billion annually in gross state product (GSP), a value approximately equal to 5.3% of the state’s total GSP.

For the full story, pick up a copy of the Mountain Home News or click on this link to subscribe to the newspaper’s online edition.