Public postsecondary institutions were established in Alabama to support the economic interests of the state. Initially land grants
institutions were established to support agriculture and later other universities were established to support business and industry.
Teaching colleges were established in order to improve the general education of the citizenry. Technical and community colleges were
established to address specific workforce needs of the state and to provide greater access to education to the working poor. The
following measures quantify each public institution’s impact on the state's economy:
5.1 Employment Outcomes Report provides the percentage of graduates employed in-state
one-year and five-years after graduation and provides wages by major and by degree level. These reports show how many graduates remained
in the state to work and their annual income.
5.2 United States Department of Education Employment Data of Financial Aid Students Report tracks
students who had received federal need-based aid in order to determine the financial impact of their education on their income. This
notes the income of students who had received federal financial aid ten years after entering college, however it does not differentiate by
major; it is an aggregated summary.
United States Department of Education also has the College Scorecard, which provides information about the annual cost, the graduation rate, and
the salary after attending. For this type of information on the 38 Alabama public institutions, click on this
link. This type of information is also
available for the 29 Alabama private institutions, click on this
5.3 Graduate Migration Report monitors the movement of
college and university students after graduation. This report provides the zip code and state of residence of graduates five years after their
graduation. This information can be differentiated by major and provides valuable information back to the campuses and to the public on where
Alabama college graduates find employment.
5.4 Economic Impact Report helps the citizenry of the
state and of local communities to and the extent in which a college or a university impacts the local, the regional and the state economy. This
report also highlights the economic value of research activities and quantify the value of the extracurricular events such athletics, continuing education,
conferences, concerts, and other cultural offerings of a university or a college. A comprehensive, state-wide report could be
commissioned, but this would be contingent upon on state funding.