L&C Generates Economic Impact for Oregon and for Graduates
Lewis & Clark is one of 12 member schools of the Oregon Alliance of Independent Colleges & Universities (The Alliance) that helped generate an annual economic impact to the state of Oregon of $3.5 billion during fiscal year 2020–21, according to a new report by Lightcast.
Open gallery
Lewis & Clark is one of 12 member schools of the Oregon Alliance of Independent Colleges & Universities (The Alliance) that helped generate an annual economic impact to the state of Oregon of $3.5 billion during fiscal year 2020–21, according to a new report by Lightcast.
In addition, the report noted that member institutions’ graduates will receive a stream of higher future earnings that will continue to grow throughout their working lives. For example, the average bachelor’s degree graduate from FY 2020–21 will see annual earnings that are $35,700 higher than a person with a high school diploma or equivalent working in Oregon. Over a working lifetime, the benefits of the bachelor’s degree over a high school diploma will amount to an undiscounted value of $1.5 million in higher earnings per graduate.
“We know that Lewis & Clark’s programs and initiatives have a tremendous positive impact on our students and graduates, as well as on the city, region, and state. It’s great to see it illustrated in hard numbers,” said Robin Holmes- Sullivan, president of Lewis & Clark. “To me, the report’s main takeaway is that Oregon’s private colleges and universities are a public good. Investing in higher ed pays major dividends for Oregonians.”
