TAMIU Economic Impact Analysis FY 2021

STUDENT SPENDING IMPACT FY21 had 9,747 unduplicated students, 70% of whom are full-time students with 30% attending part-time. For our analysis, and in order to calculate the economic impact that TAMIU students produce on theWebbCounty economy, we considered only full-time students (6,823) in our calculations. We then made a moderate assumption that in the absence of TAMIU, 35% of these students would have left Webb County in search of better higher education opportunities. We also account for 242 students that relocated toWebb County from foreign countries and other states because of TAMIU. Therefore, the money these 2,388 retained students and 242 relocated students spent on living costs is attributable to the University. These students spent money at businesses in Webb County for groceries, transportation, and so on. For our analysis, we exclude student spending for room and board since for students living on-campus these expenditures are already reflected in the impact of the University’s operations, and off-campus students generally live with their parents. The average student expenses, including transportation ($777) and personal expenses ($2,304), equals $3,081 (calculated as the avg. of on- campus and at-home living with parents) and appear in Table 7.1. We multiply $3,081 by 2,630 TAMIU retained and relocated full-time students, to estimate students’ total spending. Off-campus spending of these students produces $8.1 million in off-campus sales for Webb County. TABLE 7.1: Student Spending per Semester STUDENT EXPENSES RESIDENT ON CAMPUS RESIDENT AT HOME W/PARENT Tuition & Fees $9,254 $9,254 Books & Supplies $1,950 $1,950 Room & Board $8,809 $3,046 Transportation $356 $421 Personal Expenses $1,152 $1,152 Total Spending $21,521 $15,823 Source: TAMIU 15