Higher education gives the Empire State an economic advantage. From the smallest liberal arts college to the largest university, our business is teaching and research. Collectively, private, not-for-profit colleges and universities annually generate nearly $80 billion in economic activity, and directly and indirectly employ more than 400,000 people.
The Independent Sector leads degree completions in the state with a 70.1% six-year graduation rate. Private, not-for-profit colleges and universities award 51% of the bachelor’s, 73% of master’s, and 79% of doctoral and professional degrees earned in New York State and are the state's leaders in helping students complete their degrees on time.