- TGCCCC served 222.594 credit students and 83,571 non-credit students in the 2008-2009 reporting year.
- Education increases lifetime income. The average income at the career midpoint of someone with an associate degree in the Texas Gulf Coast is $58,000, 36% more than a student with a high school diploma.
Economic Growth Analysis
- Added income attributable to the accumulation of TGCCCC skills amounts to $7.4 billion each year.
- For every dollar of support, taxpayers see a cumulative return of $2,20 over the course of students’ working careers (in the form of higher tax receipts and avoided costs).
- TGCCCC employed 7,143 full-time and 6,292 part-time faculty and staff in the 2008-09 reporting year, with an annual payroll of $564.8 million.
- The net added income generated by TGCCCC operations ($485.1 million) and the spending of non-local students ($22.2 million) contributes a total of $507.3 million in income to the Texas Gulf Coast economy each year.
- An estimated 96% of TGCCCC students remain in Texas and contribute to economic growth. Students who enter the workforce expand the tax base by generating higher earnings and reducing social costs.
- For every dollar appropriated by state and local governments to TGCCCC, taxpayers will see a return with a cumulative added value of $2.20 in the form of higher tax revenues and avoided social costs.
- The activities of TGCCCC’s 2008-09 student body will generate about $794.7 million in labor income in the state economy each year.
- Education is statistically correlated with improved lifestyle behaviors, including reduced incidences of absenteeism, alcohol abuse, and smoking, lower probability of committing crime, and fewer welfare and unemployment claims.
- Students enjoy an attractive 15.8% rate of return on their TGCCCC educational investment.
- By 2020 it is anticipated that there will be about 1.6 million new and replacement jobs available in the Texas Gulf Coast. About 29% of these jobs will require an education level equal to an associate degree or greater.