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Fast Facts: Higher Education & the Connecticut Economy

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Overall economic impact of higher education in Connecticut (2006): $23,898,163,309 1

Foreign students’ economic impact (2006): $203,174,153 1

Connecticut college students working in state nine months after graduation (2007): 70 percent 2

Average annual earnings of Connecticut graduates working in state after nine months: $40,684 2

Connecticut jobs requiring post-secondary education: 34 percent 2

Connecticut high school graduates enrolling in college the next fall: 62 percent 2

State rank: 13th

Connecticut high school graduates academically ready for college: 40 percent 2

State rank: 4th

Average statewide high school graduation rate (2008): 92 percent 2

Connecticut households with at least a bachelor’s degree (2007): 34.7 percent 2

National average: 27.5 percent

Forecast of Connecticut households with at least a bachelor’s degree: 30 percent by 2020 3

Connecticut’s rank in total spending per enrolled child in public schools (2008): 2nd 2

Connecticut’s adult literacy rate: 91 percent 2

Connecticut’s urban high school drop-out rate (2005): 68 percent 2

Growth in low-income students at Connecticut colleges (2003-2008): 13.3 percent 2

National average: 2.5 percent

Students in Connecticut four-year public colleges who have not graduated after six years of study: 55 percent 4

Share of college degrees earned by males in Connecticut: 40 percent 4

Share of high school diplomas earned by males in Connecticut: 51.5 percent 4

 

Sources:

1 New England Board of Higher Education, 2009 Roundtable

2 Connecticut Economic Strategic Plan, Dept. of Economic & Community Development, 2009

3 New England 2020, 2006 report by the Nellie Mae Education Foundation

4 Connecticut Department of Higher Education

 
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Posted on Thursday, 01 December 2011