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June 01, 2007
| Authors: |
Brian J. Gottlob
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| Affiliate Groups: |
South Carolina Policy Council
Milton and Rose D. Friedman Foundation
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| Publishers: |
Milton and Rose D. Friedman Foundation
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| Categories: |
Fiscal Impact
Academic Achievement
Public School Impact
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This study examines the public costs of South Carolina's high dropout rate, and calculates the reduction in costs that would follow from raising public school graduation rates through a modest school choice program. It finds that each dropout costs the state $3,228 per year in lost tax revenue and increased Medicaid and incarceration costs, every year for the rest of his or her life. Each year’s class of dropouts costs the state $98 million every year. A modest school choice program, increasing private school enrollment by 6 percentage points, would improve public school graduation rates, reducing dropouts by up to 1,549 to 3,137 students per year, saving South Carolinians between $5 million and $10 million in tax revenue, Medicaid costs and incarceration costs every year.
View Research Publication at
http://www.edchoice.org/downloadFile.do?id=250
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