Study Documents Economic Impact Of Public HBCUs
The study, “Economic Impact Snapshot of the Thurgood Marshall Scholarship Fund Member Colleges and Universities,” conducted by K&R Management Group, is TMSF’s first in-depth snapshot of the economic impact of 42 of TMSF’s 45 member public historically Black colleges and universities.
K&R Management assessed 42 of the 45 public historically Black colleges and universities that were TMSF members at the time of the study and uncovered new information on the economic impact of TMSF and its member institutions on three groups. Those groups are TMSF scholars (scholarship recipients); students (non-TMSF scholars) who attend TMSF member institutions; and the host communities in which the 42 schools reside.
TMSF says the findings further demonstrate that the scholarships and programs TMSF provides to students and member institutions affect the earning potential of graduates of public historically Black colleges and thus the economy overall.
The snapshot revealed that the collective annual spending of the students and institutions alone is more than $2.5 billion, which affects the economy in the host communities of the schools and the nation’s economy overall.
“The study underscores the critically important role that higher education at public historically Black colleges and universities plays in preparing young scholars for positions of leadership and increased earning potential,” says Dwayne Ashley, president of the Thurgood Marshall Scholarship Fund. “By providing scholarships, programs and capacity-building support, TMSF is also participating in the economic impact that each member institution and their students have on local communities and our nation’s prosperity.”
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