A new study by the Darla Moore School of Business at USC asserts that investment in higher education yields plentiful economic returns.Executive Director of the South Carolina Commission on Higher Education Garrison Walters says if South Carolina doesn’t focus on higher education, it will fall further behind in today’s economy, becoming similar to a third-world nation.
Walters says each dollar spent by the state on higher education could boost the state’s annual economic activity more than 25-fold. “I think it really is the best investment the state can make, because it generates continual returns and allows the state to pay for other critical needs like K-12 education and health care.”
Walters says the Commission has a goal of increasing the percentage of bachelor degrees in the population from 23 percent to 29 percent by 2030. He says there is also strong eveidence that associate degrees have a strong influence on income and the economy. [click to continue…]
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