| Author(s): | Levin, H., Belfield, C., Muennig, P., and Rouse, C |
| Title: | The costs and benefits of an excellent education for all of America's children |
| Source: | http://www.cbcse.org/media/download_gallery/Lee... |
| Date: | 2007 |
| Organization: | Center for Benefit-Cost Studies of Education at Teachers College, Columbia University |
| Short Description: | This report identifies five leading interventions that have been shown to raise high school graduation rates, calculates their costs and effectiveness, adds up the lifetime public benefits of high school graduation, and compares the costs of the interventions to the public benefits. Findings indicate a net economic benefit to the public purse of $127,000 per student, with the benefits being 2.5 times greater than the costs. |
| Annotation: | This report identifies five leading interventions that have been shown to raise high school graduation rates, calculates their costs and effectiveness, adds up the lifetime public benefits of high school graduation, and compares the costs of the interventions to the public benefits. Findings indicate a net economic benefit to the public purse of $127,000 per student, with the benefits being 2.5 times greater than the costs.
If the number of high school dropouts in this age cohort was cut in half, the government would reap $45 billion via extra tax revenues and reduced costs of public health, of crime and justice, and in welfare payments. This lifetime saving of $45 billion for the current cohort would also accrue for subsequent cohorts of 20-year olds. |
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