ARIZONA NEWS

Arizona stands to gain billions from a more educated population, report finds

Mar 13, 2023, 4:25 AM | Updated: Mar 14, 2023, 6:35 am

(Pexels Photo)...

(Pexels Photo)

(Pexels Photo)

PHOENIX –Is college worth it? A new report shows postsecondary attainment brings value not just to Arizonans, but to the state as a whole.

Students who earn a college degree or certificate can expect to earn more money, enjoy better health and have access to more opportunities than those with just a high school diploma. Their individual prosperity also translates to billions of dollars in economic impact for Arizona.

Those are some of the key findings from the report “Billions to Gain: The Economic Benefits of Investing in a More Educated Arizona” released last week by the Helios Education Foundation and Education Forward Arizona.

“We believe that education does change lives and make our communities better,” President and CEO of the Helios Education Foundation Paul Luna said. “And this research really starts to provide data and information to explain that statement.”

The report also finds, on average, the lifetime earnings for Arizonans with a bachelor’s degree are nearly three times greater than for those with no college degree.

Currently, about 46% of graduates enroll in postsecondary education right after high school. The report estimates increasing that rate by 20% would generate more than $5 billion per high school cohort in social gains attributable to factors like higher lifetime earnings, better health and increased workforce productivity.

It would also lead to $1.8 billion in tax revenue gains per cohort for the state.

“We just want to make it abundantly clear through this data that a more educated Arizona benefits all of us,” President and CEO of Education Forward Arizona Rich Nickel said.

The business community in particular is paying close attention to postsecondary enrollment and completion rates.

The most recent data shows 48% of Arizona working-age adults hold a college degree, certificate or license. The statewide Achieve60AZ goal is to get to 60% by 2030.

“When companies are assessing whether they’re going to grow in scale in a market – yes, it’s capital, it’s access to debt and equity – but it’s also do they have the people?” President and CEO of the Greater Phoenix Economic Council Chris Camacho said.

Camacho added that the job market in Arizona is changing, with the state becoming one of the leading markets in the country for semiconductors and advanced electronics. He said ensuring the state has a strong workforce with the relevant skills is critical to sustain and grow key industries.

The report concludes with several recommendations to improve postsecondary education attainment in Arizona, including increasing dual enrollment options in high school and making college more affordable.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

The two men killed in the crash were both from India and were both 19-years-old, according to Peori...

KTAR.com

2 dead, 2 more hospitalized after crash in Peoria near Lake Pleasant

Two people were killed and two others were hospitalized in a head-on collision in Peoria, near Lake Pleasant, on Saturday night.

9 minutes ago

Phoenix experienced its first 100-degree day of the year on April 21, 2024. The daily average tempe...

KTAR.com

Phoenix records first 100-degree day of 2024

After a wet and cool start to the year, Phoenix experienced its first 100-degree day of the year on Sunday.

1 hour ago

Carlos Rivas is among the performers for this year's Scottsdale Jazz Festival. (Scottsdale Jazz Fes...

Damon Allred

Sounds of New Orleans hit Old Town for Scottsdale Jazz Festival

The jazz festival billed as "Arizona's Most Beautiful Jazz Event" is coming to the Scottsdale Civic Center in Old Town this week.

3 hours ago

Olivia Gerits (Chandler Police Department)...

KTAR.com

Missing 13-year-old Chandler girl found safe, 21-year-old man detained

A 13-year-old girl who was missing for more than a week was found safe and reunited with her family on Sunday afternoon.

5 hours ago

woman holds money and types into computer...

KTAR.com

Weekend wrap-up: Here are the biggest Phoenix news stories from April 19-21

From freeway construction to street gang indictments, here are the biggest Valley news stories from over the weekend.

5 hours ago

University of Arizona President Robert Robbins is seen walking on the Tucson campus....

Associated Press

Robbins: Fiscal year 2025 UArizona budget deficit may be reduced by $110M

Outgoing University of Arizona president Robbins has announced “encouraging news” about the college’s finances.

7 hours ago

Sponsored Articles

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

Arizona stands to gain billions from a more educated population, report finds