Universities

EDITO: The start of the academic year is special

The Associated Press

Back to basics is a tradition for people, churches, cities, high schools and colleges. During the pandemic, homecomings of all types have been largely suspended. This fall, they are back in force.

The universities of Orangeburg mark homecoming in October and November.

Both institutions serve as beacons in the educational process for African Americans and many others. Their academic achievement records are significant. Their legacy lives on through generations of alumni. Their economic impact is considerable.

The economic importance was quantified in a 2017 study commissioned by the United Negro College Fund.

“Go Comics” and more at TheTandD.com

“HBCUs Make America Strong: The Positive Economic Impact of Historically Black Colleges and Universities” breaks down the impact by institution for the nation’s 100 HBCUs. The report includes employment by schools and projected earnings of graduates based on 2014 data.

People also read…

• Total economic spinoffs: $145 million in total economic spinoffs for its local and regional economies. The estimate includes direct SC state spending on faculty, employees, academic programs and operations – and by students attending the institution, as well as the tracking effects of these spending.

• Total Employment Impact: Generates 1,546 jobs for its local and regional economies. Of this total, 756 are on-campus jobs and 790 are off-campus jobs.

For every job created on campus, another public or private job is created off campus due to SC state expenditures.

EDITORIAL: Deer accident season is here

Seen from another angle: every million dollars initially spent by SC State and its students creates 10 jobs.

• Total Graduate Lifetime Earnings: SC State’s 698 graduates in 2014 can expect total lifetime earnings of $1.8 billion, 59% more than they could hope to win without their college degrees.

Considered on an individual basis, a South Carolina State graduate working full-time throughout their working life can expect to earn $984,000 in additional income from a college degree.

• Total economic benefits: Generates $79 million in total economic benefits for its local and regional economies. The estimate includes Claflin’s direct expenditures on faculty, employees, academic programs and operations – and by students attending the institution, as well as the tracking effects of these expenditures. Every dollar spent by Claflin and its students generates $1.04 in initial and subsequent expenditures for its local and regional economies.

• Total Employment Impact: Generates 835 jobs for its local and regional economies. Of this total, 406 are on-campus jobs and 429 are off-campus jobs.

For every job created on campus, another 1.1 public and private sector jobs are created off campus as a result of Claflin-related spending.

Seen from another angle: every million dollars initially spent by Claflin and its students creates 11 jobs.

COMMENT: Spirit Revolution

• Total Graduate Lifetime Earnings: Claflin’s 396 graduates in 2014 can expect total lifetime earnings of $1 billion, 70% more than they could expect to earn without their university degrees.

Considered on an individual basis, a Claflin graduate working full-time throughout their professional life can expect to earn $1.1 million in additional income from a college degree.

Call it money and common sense: Back to basics and anytime, universities give Orangeburg plenty to be happy about as their home.