ERIC Number: ED227782
Record Type: RIE
Publication Date: 1982
Reference Count: 0
The Economic Importance of Higher Education in Vermont, 1982.
Vermont State Dept. of Education, Montpelier.
Benefits of Vermont's colleges and universities, and specifically the economic aspects, are identified. Employment data are presented for elementary, secondary, and higher education; manufacturing, agriculture, and eight nonmanufacturing employment fields. Higher education in Vermont has more than 15,000 full-time and part-time employees, has a payroll that exceeds $113 million each year, and generates at least $500 million worth of Vermont business each year. Capital construction by Vermont's colleges from 1977 to 1982 exceeded $56 million, and interest payments were made to Vermont banks to finance the construction. During the 1981-1982 academic year over 26 institutions had total revenues of more than $244 million. Almost 57 percent of the total revenue was brought into Vermont from out-of-state resources, and the colleges spent most of their revenues within Vermont. Total revenues for Vermont's colleges 1981-1982 are identified, along with expenditures, student financial aid monies by program, and higher education enrollment and degrees awarded by level. Colleges also provide services to the surrounding communities, as well as art, music, and theater. (SW)
Descriptors: Economic Factors, Educational Finance, Employment Opportunities, Enrollment Trends, Expenditures, Higher Education, Income, School Community Relationship, Student Financial Aid
Vermont Department of Education, Montpelier, VT.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Vermont State Dept. of Education, Montpelier.
Identifiers: Economic Impact; Vermont