LINCOLN — Battered by potential financial cuts on both the state and federal levels, the University of Nebraska on Tuesday released a new study touting its value: a reported $6.4 billion economic impact last fiscal year. National consultant Paul Umbach said his analysis showed a $2.4 billion impact in direct spending by the NU system and another $4 billion generated through re-spending by vendors, staff, students, and visitors.

Commissioned by the university, the report says that for every $1 of investment, $10 is returned to the state. It says one of every seven working Nebraskans was educated by the state’s only public research university — a system of campuses in Lincoln, Omaha, Kearney as well as the Omaha-based University of Nebraska Medical Center.

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