An independent study commissioned by the Council for Christian Colleges & Universities (CCCU) finds that its 142 member schools generate a collective impact of $60 billion each year for the U.S. economy. The same report finds that APU, California’s largest Christian institution of higher education, generates a $1.25 billion economic impact within the state each year. CCCU institutions across the country collectively educate 445,000 students, employ 72,000 faculty and staff, and serve 3.5 million alumni around the world.
Some key findings include:
• For every $1 in federal grant money a student receives, CCCU institutions provide $5 in aid to that student through grants and scholarships.
• Though tax exempt, CCCU institutions still generate $9.7 billion in federal tax revenue each year. For every $1 in federal grant money a student receives, CCCU institutions generate more than $20 in federal tax revenue.
• 1 in 3 CCCU students are first-generation college students.
•50% of CCCU students come from families that make less than $50,000 per year.
• More than one in three CCCU students participate in community service while enrolled. CCCU students perform an estimated 5.4 million community service hours per year.
•The student loan default rate for graduates from CCCU institutions (6.3%) is nearly half the national average (11.5%).
“This important research confirms what we’ve known for a long time: institutions of Christian higher education have tremendous economic, educational, and social impact in their communities,” said Shirley V. Hoogstra, president of the Council for Christian Colleges & Universities. “Not only do Christian colleges and universities provide world-class, faith-rooted educational experiences for their students, but they provide vital support to their local communities, their states, and the country.”
Key findings related to APU include:
• APU generates $37 million in state taxes annually
• APU supports 7,260 jobs statewide
“Azusa Pacific University serves more than 10,000 students and employs 1,400 faculty and staff,” said President Jon R. Wallace, DBA. “We draw the majority of our students from local high schools and community colleges, strengthening our area economy in part by producing skilled graduates who join the workforce as professionals and entrepreneurs. At APU, we aim to be a leading economic and education partner in the San Gabriel Valley and beyond.”
The Council for Christian Colleges & Universities in partnership with America’s Christian Credit Union commissioned APU’s economic impact report conducted by Econsult Solutions, using the IMPLAN model. The firm provides strategic analysis for many industries, including higher education. Notable clients include the University of Pennsylvania, Villanova University, Rutgers University, and La Salle University.
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