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Economic Impact of the University of Illinois System

The University of Illinois System contributes $17.5 billion annually to the state’s economy through its research, hospital, and entrepreneurial activities, along with the universities' students and visitors, according to a recent study. The U of I System's impact supports more than 171,300 jobs--which means that one out of every 46 jobs in Illinois is supported by the activities of the universities and their students. Students who invest in their U of I education will collectively receive a present value of $10.4 billion in increased earnings over their working lives. This translates to a return of $5.00 in higher future earnings for every $1 that students invest in their education. The average annual return for students is 15.4%. The study was conducted by Idaho-based Economic Modeling Specialists Intl., who performed their analysis based on data from FY 2017 (July 1, 2016 through June 30, 2017). To learn more, visit uillinois.edu.