Economic impact of Russell Sage College totaling $102.8 million for 2022-23, with breakdowns of institution and student impacts

The Commission on Independent Colleges and Universities in New York published a report for private, nonprofit colleges and universities in New York state who had a significant economic impact on their communities. 

Russell Sage College’s total economic impact in 2022-23 reached $102.8 million – $82.1 million attributed to institutional impact and $20.7 million resulted from student and visitor impact. 

Institution Impact includes spending on research, construction, instruction, technology, salaries, and any other operating expenses. While Student and Visitor Impact includes discretionary spending by students combined with money spent by campus visitors attending events and other campus activities. 

In addition, Russell Sage College supported 800 jobs – including full-time, part-time, and student employees. 400 of the employees are on campus, resulting in a combined payroll of $34.1 million. 

Recent News

July 18, 2025

Russell Sage CSTEP Students Conduct Summer Research on Public Health, Biomedical Ethics, and Career Equity in Healthcare

Four Russell Sage College students pursued research related to their biology, nursing, and public health degrees during Sage’s eight-week CSTEP summer research program and research methods class.  CSTEP — an acronym for Collegiate Science and Technology Entry Program — is a grant-funded program sponsored by the New York State Department of Education.  It provides mentoring […]
Read More
July 16, 2025

Albany College of Pharmacy and Health Sciences and Russell Sage College Complete Next Step in Merger Process

Albany College of Pharmacy and Health Sciences and Russell Sage College have signed a transaction agreement, a major milestone in the merger process that next requires approval from regulatory agencies. It is anticipated that the final merger will be approved by fall 2027. The transaction agreement was approved this month by the boards of trustees […]
Read More
July 14, 2025

Russell Sage College Partners with Ascend Autism Group to Offer Tuition Discount 

Ascend Autism Group has signed a partnership agreement with Russell Sage College to meet the needs of its workforce and provide important opportunities for professional growth.  The Workforce Development Partnership provides Ascend Autism Group employees with a 10% tuition discount and deferred tuition payment for qualifying graduate programs offered at Russell Sage, including its online […]
Read More