The University of Southern California (USC) is one of the largest universities in the United States with the highest international student population on campus.
They have done a research study that shows the school has an overall impact of around $5 billion on the U.S. economy.
This essentially means that USC generates around $5 billion annually in economic activity in the Los Angeles, CA area and beyond. How does that happen?
Such economic activity primarily involves the university spending for its regular operations and the entry of money spent by students studying at USC.
In one previous article – the cost of living at University of Southern California shows that students spend around $600 to $700 per month, particularly international students from India.
This chart shows an average of $1,150 to $1,320 is spent by each student (graduate and undergraduate) living outside the USC campus.
Note – The above figure is an average of all international students from all countries.
So the question to you is this: "Do you know why the average money spent by student saying outside USC campus is spending above $1,100, while student form India says average around $600?" Please write your thoughts below as comment.
Now you know the impact of a university in a country’s economy. If USC along can generate $5 billion in activity, think of the total money generated by all students among all universities across the United States.
You can find more details about the report here.