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Local
Study Shows Money Well Spent on Orange County Community
Colleges
A new study confirms that money spent
on Orange County’s
community
colleges provides taxpayers a 15 percent return on their
investment and generates economic growth and an improved
quality
of life for residents here.
The study was conducted about the same
time
as a statewide report released by the Campaign for College
Opportunity. That report found that for every dollar California
invests in educating more college students, the state receives
three dollars in net return. The Campaign for College Opportunity
brought its study to Orange County this week to discuss the
need to continue to invest in the state’s higher education
system. |
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CONTACT:
Martha Parham
District Director,
Marketing and
Public Affairs
(714) 438-4605
January 20, 2006
NEWS |
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The Orange County-specific study was conducted at the request
of the county’s four community college districts – Coast
Community College District,
North Orange County Community College District, Rancho Santiago
Community College District and South Orange County Community College
District.
Completed by Idaho-based CCbenefits Inc., The Economic Contribution
of the Orange County Community College Districts quantifies
the benefits that the county’s community colleges provide
to the community, taxpayers, and students, and shows that those
benefits far exceed their operating costs.
The study shows how Orange County community colleges help to
stimulate the state and local economy, leverage taxpayer dollars,
generate a return on investments, and increase students’ earning
potential.
“Orange County (Community Colleges) are an attractive investment
to students, state and local governments, and all of their other
major stakeholders,” the study finds. “The rates of
return to students invariably exceed alternative investment opportunities. At
the same time, state and local governments can take comfort in
knowing that their expenditure of taxpayer funds creates a wide
range of positive social benefits and, perhaps more importantly,
actually returns more to government budgets than it costs.”
“This study quantifies what many of us have known for a
long time: community colleges are a boon not just for students,
but also to the entire quality of life in the communities we serve,” said
Dr. Ken Yglesias, chancellor of the Coast Community College District
headquartered in Costa Mesa. “Our students make better wages,
provide skilled workers to local businesses, and contribute to
the local economy.”
“Orange County taxpayers have voted over the last few years
to approve local bond measures in three of the four community
college districts in Orange County,” said Dr. Eddie Hernandez,
chancellor of the Rancho Santiago Community College District in
Santa Ana. “They know we are a great investment, and have
shown their willingness to invest in their own future by providing
funds to improve and expand our facilities.”
The four Orange County community college districts co-hosted
the Campaign for College Opportunity and a community discussion
today (January 20). Chancellors of the other districts
who participated are Dr. Jerome Hunter, North Orange County Community
College District, and Dr. Raghu Mathur, South Orange County Community
College District.
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The Coast Community College District is the ninth
largest community college district in the state in credit enrollment, serving
60,000 students each semester. The district is comprised of Coastline Community
College headquartered in Fountain Valley, Golden West College in Huntington
Beach and Orange Coast College in Costa Mesa.
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