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Economic Impact
Economic Impact
An investment in The Palomar College Foundation “Education for Heroes Fund” is an investment in
people who have served and will continue to be a productive part of our community with the proper
education and skills. The benefit can be keenly calculated from a taxpayer prospective, and the
impact can be demonstrated in the reality that increased education equates to increased earning power.
It is common for community college students and graduates to remain in their communities and with
education comes increased spending power and that has a positive effect on many aspects of our local
economy.
 A recent report from the U.S. Department of Commerce indicated that the median annual income increases by 32% with a high school diploma and 100% with an undergraduate degree when compared to high school dropout income statistics. Increased resources provide an individual with greater independence, which frees the government and taxpayers from the costs associated with providing services for individuals with limited financial resources. It is universally understood that education is directly related to improved lifestyle, which has a direct effect on the quality of life for everyone in the region. |