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Grant Research Finds Each College Graduate Adds $2M to Georgia’s GDP

Power of Potential

An eighteen-month study of the economic impact of advanced degrees led by Charles Knapp, Greg Wolniak, and Jeff Humphreys estimates the actual value to the economic health of the state of higher education degrees among the population. 

The Selig Center of Economic Development, part of the Terry College of Business at the University of Georgia, released a paper based on the grant-funded study. Humphreys, co-PI and the director of the Selig Center said, “The shared payoff bucks the argument that funding need-based financial aid at the state level only benefits those who go to college. Increasing postsecondary educational attainment in the state would boost Georgia’s GDP.”

Their research also indicates that the average bachelor's degree in Georgia costs individuals about 100,000, but those graduates earn about $1.2 million more in income over their lifetimes.

Read the paper by the Selig Center

Read the full white paper, The Power of Potential

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