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Economic Impact of Independent Colleges and Universities in Massachusetts

Massachusetts is the only state in the nation to educate more college students in the Independent sector (226,772) than the public sector (89,704) and community colleges (50,590). Source: USDOE In 2008, independent colleges and universities saved Massachusetts taxpayers nearly $3 billion in higher education expenditures. The overall economic impact of independent colleges in Massachusetts is greater than $23 billion. Independent colleges graduate nearly 84% of the minority students who received degrees in the Commonwealth. Approximately 23.6% of the students enrolled in these colleges are minority students. Source: USDOE AY07
Independent higher education institutions employ 100,711 workers; public higher education employs 37,839 workers.

Massachusetts is the only state in the nation to educate more college students in the Independent sector (226,772) than the public sector (89,704) and community colleges (50,590). Source: USDOE

In 2008, independent colleges and universities saved Massachusetts taxpayers nearly $3 billion in higher education expenditures. The overall economic impact of independent colleges in Massachusetts is greater than $23 billion.

Independent colleges graduate nearly 84% of the minority students who received degrees in the Commonwealth. Approximately 23.6% of the students enrolled in these colleges are minority students. Source: USDOE AY07

Independent higher education institutions employ 100,711 workers; public higher education employs 37,839 workers.

Massachusetts independent colleges account for 70% of all bachelor degrees (34,430) in AY 2007 and 85% of all graduate degrees (24,322) in AY 2007.

Independent higher education institutions employ 100,711 workers compared to public higher education, which employs 37,839 workers.

Independent higher education employs more workers than Mass Mutual Life Insurance (27,000), Raytheon (12,064), EMC (8,900), and Verizon (14,000) combined.

From the December 2010 AICUM (Association of Independent Colleges and Universities in Massachusetts) Case Statement. Source: IPEDS 2009, the Boston Business Journal, Book of Lists Jan. 2010 and Mass.gov Housing and Economic Development 2010.

Faculty Profile

Hector Iweka, Ph.D.Assistant Professor of MarketingDr. Iweka holds a Ph.D. in Organization and Management with a concentration in General Business and an MBA in Marketing. He has over 15 years leadership and management experience in different sectors of international economy, including the United Kingdom, France and the United States.

News Highlight

Lasell College Wins NEA Grant to Create Online Fashion Design Catalog Thursday, May 2, 2013Lasell College President Michael B. Alexander announced today that the College is the recipient of a $20,000 2013 National Endowment for the Arts matching grant to assist in the creation of an online fashion design catalog. The Lasell grant proposal was one of 50 grants funded by the NEA in its Art Works Design category.