Public university Impact

Hi Inder. In response to your first question and follow up statements, it reads like you want to model the economic impact of Fayetteville State University’s $39 million student loan program on your study region. As long as you separate student loans from college operations to prevent the possibility of double counting this should be fine. We would also remind you that most colleges and universities receive large amounts of funding from the Federal Government and from various grants and other programs. You should make sure that these funds are not included in measuring the impact of total revenues of the University. Since these funds are part of the overall operations of the University, they should only be counted and analyzed once. For some schools, financial aid is one of the primary drivers of operations. We assume that your desire to isolate the student loan program is to show how these funds impact not only student retention but the community at large. 1. With that, you may want to consider importing an Institution Spending pattern by navigating to Setup Activity> Activity Options> Import> From Another Model> Utilities> MIG2007ActLib440_SpendingPatternsNoPayroll_for_Programs_by_SLGovt.impdb and selecting the activity “State and Local Government Operating Budget Expenditures Public Education” as a possible candidate to model your impact. Based on your current knowledge of University Operations, you may find a more appropriate sector to model these funds. You can edit any of the spending coefficients to remove any the expenditures on commodities that either relate to the other program parts of the university operating budget and/or that you know students will not spend these funds on. 2. Once you've made your desired changes, click Event Options > Change All > Normalize Events so that the Sum of Event Values is 1.00 again. 3. Click Edit Activity and set the Activity Level to just the student loan portion of the university’s operating budget. These spending patterns do not include payroll. You will need to model a Labor Income Change to capture the employee compensation impacts of the workers helping to administer the student loan program. 4. Click New Activity > Labor Income Change and create an Event for Employee Compensation and set the Labor Income Value to the payroll budget for student loans. Also, you want to set the Local Purchase Percentages to SAM Model Value for all of your Events in the imported spending pattern. This says that you want to use the Model's Regional Purchasing Coefficient estimates to gauge the amount of the Direct effect that is likely to occur locally We hope this helps.