What Do Our Students and Their Out‐of‐State Visitors Spend?
The economic impact of the spending by Boston University students and their out‐of‐state visitors totals more than $892.4 million. This consists of $432.4 million in the City of Boston and $829.6 million in the Boston Metropolitan Area. The details are presented in Table 7, and they are discussed below.
Boston University students spend an estimated $342.0 million in the Commonwealth, above and beyond their tuition, room, and board payments to the University. This consists of nearly $287.7 million for basic or essential living expenses (such as books, transportation, other incidentals, and off‐campus housing) and another $54.3 million on non‐essential expenses (including entertainment, health clubs, private music and dance lessons, cable television, etc.).
In addition to student spending, Table 7 shows that spending by the out‐of‐state visitors to Boston University students totals nearly $41.9 million in the Boston Metropolitan Area. Of that amount, $29.5 million is spent in the City of Boston. As a point of reference, more than 79 percent of the University’s fall 2007 entering freshmen were from out‐of‐state, and nearly 66 percent of the total student body were from out‐of‐state.
|Table 7: Boston University
FY‐2008 Spending By Students and Their Out‐of‐State Visitors
|City of Boston||Boston Metropolitan Area||Commonwealth of Massachusetts|
|Spending on Essentials/Basics|
|Spending on Non-essentials|
|Total Student Spending||$219,351,917||$336,412,572||$342,004,065|
|Number of Students||21,270||30,545||31,086|
|SPENDING BY OUT‐OF‐STATE VISITORS TO BOSTON UNIVERSITY STUDENTS||$29,524,905||$41,882,020||$41,882,020|
|TOTAL STUDENT AND VISITOR SPENDING||$248,876,822||$378,294,592||$383,886,085|
|* Student Spending excludes tuition, fees, and other expenses paid directly to Boston University.|