Chapter 3: Investment analysis The benefits generated by SUNY WCC affect the lives of many people. The most obvious beneficiaries are the college’s students; they give up time and money to go to college in return for a lifetime of higher wages and improved quality of life. But the benefits do not stop there. As students earn more, communities and citizens throughout New York benefit from an enlarged economy and a reduced demand for social services. In the form of increased tax revenues and public sector savings, the benefits of education extend as far as the state and local government. Investment analysis is the process of evaluating total costs and measuring these against total benefits to determine whether or not a proposed venture will be profitable. If benefits outweigh costs, then the investment is worthwhile. If costs outweigh benefits, then the investment will lose money and is thus considered infeasible. In this chapter, we evaluate SUNY WCC as a worthwhile investment from the perspectives of students, taxpayers, and society.
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