Lasell’s Direct Impact on the Local Economy

Lasell College and Lasell Village contribute directly to the local economy in taxes paid, utilities, payroll and local purchases.

Lasell College Direct Impact*
Payroll - total compensation paid $20.3M
Taxes paid to the Commonwealth of Massachusetts (State withholding taxes) $894K
Local purchases (supplies, equipment, including payments to the college for contracts and wage reimbursements) $3.9M
Real Estate Taxes $59K
Utilities (gas, oil, electric, sewer, water) $2.02M
Capital Projects $6.7M
Financial Aid - Local Students
Local students (101 from Newton and surrounding area) received $1,099,330 in financial aid, $657,947 of that was provided by Lasell. $658K
Additional Impact
Estimated expenditures of students (avg.)
(1,178) x $200/month = $1,884,800 
$1.9M
Lasell Village Direct Impact*
Payroll - total paid $4.7M
Taxes paid to the Commonwealth of Massachusetts (State withholding taxes) $197K
Local purchases (activities, supplies, including payments to the college for contracts and wage reimbursements) $2.4M
Utilities $907K
Real Estate Taxes $642K
Total Capital Projects $617K

* Figures rounded

GRAND TOTAL

$45.9M

News Highlight

Lasell Alum Honored with National Educator Award  Friday, October 10, 2014Medford, Mass. fifth grade teacher and Lasell undergraduate alum Anthony Petrelis ’05 has been honored as the only educator in Massachusetts to receive the 2014 national Milken Educator Award.

Featured Event

Colored Girls Hustle  Wednesday, October 29, 2014Yamawaki Auditorium