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Higher Education Pays Dividends In Virginia

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Higher education is a net positive for the Commonwealth of Virginia, according to a report.
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Higher education is a net positive for the Commonwealth of Virginia, according to a report.

A University of Virginia report says every dollar the state spends on higher education results in $1.29 in new tax revenue.

The Grow By Degrees report details the economic impact of the states public higher ed system. The coalition came together in 2009 following several years of state budget cuts that reduced per-student higher education funding in Virginia by about 50 percent.

The report also says public higher education operations account for 131,000 Virginia jobs and $28.4 billion in gross domestic product.

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