The Heldrich Center for Workforce Development has released a report titled "Examining the Benefits of Education in New Jersey," authored by Ann Obadan, Ph.D. The study uses data from multiple sources, including the New Jersey Statewide Data System, National Student Clearinghouse extract, AlumniFinder data, and others when available. These include the National Center for Education Statistics, the New Jersey Division of Taxation, and the Federal Inland Revenue Service.
The report highlights that higher education levels yield positive returns on investment for individuals, the state, and society. It specifically examines the costs and benefits associated with pursuing postsecondary education at public institutions in New Jersey.
According to the findings, higher education contributes to upward social and economic mobility for individuals and families. Additionally, it results in increased tax revenues for both state and federal governments.
