For every dollar a student spends to attend MassBay (out-of-pocket expenses and foregone time and money), they receive $5.50 in benefit in future higher earnings.
MassBay’s annual income contribution (operations spending, student spending, and alumni impact) to be $142.7 million, supporting 1,794 jobs in MetroWest.
The people of Massachusetts invest a total present value of $60.7 million in MassBay (all college costs and student costs). The social value of that investment is $553.6 million, including social savings related to health, crime, and income assistance in Massachusetts; students’ increased lifetime earnings; and increased business output. So, the social benefits ratio is $9.10 for every dollar invested.
MassBay generates more tax revenue than it takes. As students get better jobs, they pay more income taxes. Also, as students, they depend less on government services and they improve their lifestyles. The present value sum of added taxes and public sector savings results in a $1.80 return for every taxpayer dollar dedicated to support MassBay.
