Independent College and University Economic Impact
on the State of New Jersey, FY2005

Our 14 New Jersey private college employed 16,684 people and generated more than $6.3 billion in economic activity in FY2005.

Each year we welcome more than 64,000 students, who enroll with us to pursue a wide range of associate, bachelor's and graduate degree programs.

Economic Impact of
Independent Colleges and Universities in New Jersey

Employees: 16,684
Salaries: $769,019,909

Economic Impact Based on Total Independent Sector
Expenditures in New Jersey: $6,355,905,840

Expenditures:
(Salaries are included in each category; construction is excluded)
Instruction: $554,178,110
Research: $238,243,235
Academic & Institutional Support: $466,866,807
Student Services: $203,571,351
Institutionally-Funded Student Financial Aid: $330,565,809
Resident and Dining Halls and Other Self-Supporting Enterprises: $289,199,397
Other Student Living Expenses: $250,614,500
Visitor's Spending: $19,278,310
Plant Operations: $189,824,817