Creates Jobs
Nationally, private, nonprofit higher education supports and sustains a combined total of 3.4 million full-time and part-time jobs due to its operations, student spending and visitor spending. Private, nonprofit higher education directly employs 1.1 million people as part of its day-to-day operations. The direct employment at these colleges and universities, coupled with the spending by students and visitors, generates a significant multiplier effect.
For every 1 direct job at a private, nonprofit college or university an estimated 2.3 jobs are created. Private, nonprofit colleges and universities are often major employers. In fact, many report being one of the top 5 employers in their own town or city.