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

State Board of Higher Education Approves New Master’s Degree in Criminal Justice  Wednesday, December 17, 2014The Massachusetts Board of Higher Education has approved a new Master’s degree in Criminal Justice at Lasell that will offer students multiple concentrations in Emergency Management, Homeland Security, Violence Prevention and Advocacy as well as a flexible Criminal Justice option. The online program launches in Fall 2015.

Featured Event

Colored Girls Hustle  Wednesday, October 29, 2014Yamawaki Auditorium