By: Elizabeth Nickerson
March 18, 2013
Tallahassee, FL--Students will be getting their monies worth out of a Florida college education. The state will see a return on its investment too.
The State Board of Education and the Florida College System joined forces to break down the numbers. A new study shows that Florida colleges are bringing in the big bucks into the economy.
"The investment of the Florida College System is a really smart investment not only for the student," said Randy Hanna, Chancellor for the Division of Florida Colleges. "But also for the state of Florida."
The Florida College System announced new findings that show that Florida colleges bring in more than 26 billion dollars every year into the state's economy. And for every dollar invested in Florida Colleges, a student receives an average of 6 dollars in higher future income. 93 percent of those students remain in Florida and contribute to the economy.
"It is fabulous news that we know that students will earn that great money once they are into their career field and we are happy to see that the data shows that as well," said Alice Maxwell, a Tallahassee Community College Representative.
According to TCC, If a student has to take out a loan for their college education they can feel more assured to know that their earnings will be higher with a TCC degree.
"I feel like I actually did the right step as in filling out the loan and going to school here," said Eristerial Mcneal, a Florida College Student.
An average starting salary of a Florida College graduate is more than forty thousand a year. So, a big chunk of change will be going into a student's pocket after they get their diploma.