It has been reported in the media that fewer than 500 undocumented students would take advantage of the in-state tuition waiver for these students.
Here is a quick estimate of the value of 250 students with an Associate degree and 250 students with a Bachelor's degree using the Census estimate of the lifetime value of a degree:
I estimate that these 500 students will bring $1billion in new earnings to the Minnesota economy over their lifetime. ($1.8 million is the lifetime earnings of a Associate's degree; $2.4 million for a Bachelor's degree)
If we assume they pay the average 11.5 percent tax as the "average citizen" of the MN Tax Incidence Study, then the state can look at a lifetime tax revenue of $121 million.
Legislators - please note.
Here is a quick estimate of the value of 250 students with an Associate degree and 250 students with a Bachelor's degree using the Census estimate of the lifetime value of a degree:
I estimate that these 500 students will bring $1billion in new earnings to the Minnesota economy over their lifetime. ($1.8 million is the lifetime earnings of a Associate's degree; $2.4 million for a Bachelor's degree)
If we assume they pay the average 11.5 percent tax as the "average citizen" of the MN Tax Incidence Study, then the state can look at a lifetime tax revenue of $121 million.
Legislators - please note.
