Student Stimulus

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Rachel Duckworth & Ceng Lee

Current OTC Students

Impacting Our Economy

Impacting Our Economy

(Read the entire report)

  • Over their working lifetimes, associate degree grads in the OTC service area earn

    $381,300

    more than someone with a high school diploma

  • $168.6 million

    Amount OTC alumni contribute in added income to the region every year

  • $211.8 million

    OTC's yearly total economic impact on the College's service region

  • College operations generate

    $31.6 million

    in net added income to the community

  • Higher student income and associated effects on business productivity add

    $58,400,000

    annually to the state's economy

  • OTC students save Missouri

    $2.9 million

    per year from improved lifestyle behaviors and reduced welfare costs
Impacting Our Economy

Rachel Duckworth and Ceng Lee are two Ozarks Technical Community College students who are looking forward to the day they graduate from college and enter the workforce.

Thanks to the degrees they earn, Rachel and Ceng can expect to make $381,300 more over their lifetime than a high school graduate, according to an economic impact report focusing on OTC.

The report also says that when Rachel, Ceng and other current OTC students enter the workforce, they will contribute an additional $21.2 million in taxable income each year to the state.

Rachel hopes to one day be a high school choir director, which will likely mean transferring to a four-year college after leaving OTC.

"I've always had a passion for singing since I was 13 years old. I started performing in choir and musicals throughout my high school years, and my high school choir teachers inspired me to become one," said Rachel, who attended Warsaw High School and takes her classes at the Richwood Valley campus in Christian County.

Ceng is planning to become a dental hygienist and moved to Springfield from Cassville to attend OTC.  She came to Springfield since it still allows her to be near her parents in Cassville.

She spends money she earns working at the Battlefield Mall on rent, gas, food, clothes and entertainment while living here and getting her education.

"I have to eat out. I eat out a lot. I like to shop. It takes a lot of money," said Lee, 20, who was born in Thailand and is studying to become a dental hygienist.

"While it's a big school, the class sign is not that big and teachers can pay more attention to you," Ceng said.

She is one of more than 4,000 out-of-district students who, according to the report, contribute more than $11.6 million annually to OTC's service region economy, especially in and around Springfield.

"I wouldn't doubt that students spend a lot of money while they are here to go to school," Ceng said.

That was one of the major points in the recent economic impact report.

"This study gave us an opportunity to quantify the impact on our community's economy, demonstrating in hard figures what we already knew from the stories of our students: OTC improves the careers, finances, and lives of individuals, which in turn improves the community," said Dr. Hal Higdon, president of Ozarks Technical Community College.

"OTC students enjoy an attractive 16.6 percent average rate of return on their OTC educational investment, recovering all their educational costs in 9.2 years. So, for every dollar students invest they receive $6.10 in higher future earnings."