Northern Lakes College (NLC) has made significant strides in creating social value and economic impact in Alberta through its innovative Supported Distance Learning programs. In the 2021-2022 academic year, NLC reported a total economic impact of $212.5 million in added income, showcasing the vital role it plays in the local economy. Notably, alumni earnings accounted for $185.7 million, which is comparable to the economic activity generated by hosting 62 NHL playoff games [a7b7da47].
Graduates from NLC experience substantial financial benefits, with an average diploma holder earning $12,600 more annually than high school graduates in Alberta. Over a lifetime, this translates to an impressive $428,400 in higher earnings, underscoring the value of post-secondary education [a7b7da47].
Furthermore, NLC supports one out of every 31 jobs in its service region, highlighting its importance not only as an educational institution but also as a key contributor to local employment and economic stability. Dr. Glenn Mitchell, President & CEO of NLC, emphasized the college's commitment to providing quality education that meets the needs of students and the community alike [a7b7da47].
As institutions like NLC continue to evolve and adapt to the changing educational landscape, their focus on accessible, high-quality education remains crucial for fostering economic growth and enhancing community well-being [a7b7da47].