• Official comment
    Michael Nealy


    In order to model the value of the scholarships in IMPLAN, we will have to drill into what exactly those dollars are going to represent - 

    As these are going to be dollars given directly to students, we will have to assume which portion of the scholarship will be used for tuition and which portion goes to books, etc. To keep it simple, let's say that we know that 1/5 of a $1M scholarship fund is going to be spent on books, while the other $800k is directly for tuition costs. So to model the $1M scholarship, we would have two Events in IMPLAN, $200k would be Output in Industry 410 - Retail - Sporting goods, hobby, musical instrument and book stores, and the other $800k would be Industry Output in Industry 481- Junior colleges, colleges, universities, and professional schools.


    Hope this helps!

    Michael Nealy

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    I also want to clarify that this is for a college and that we are not modeling any other aspect of the college operations. 

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