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October 25, 2007
| Authors: |
Brian J. Gottlob
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| Affiliate Groups: |
Milton and Rose D. Friedman Foundation
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| Publishers: |
Parents for Choice in Education Foundation
Milton and Rose D. Friedman Foundation
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| Categories: |
Public School Impact
Friedman Foundation Research
Fiscal Impact
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This study examines the public costs of North 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 $4,437 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 $169 million every year. A modest school choice program, increasing private school enrollment by 4 percentage points, would improve public school graduation rates, reducing dropouts by up to 5,483 students per year, saving North Carolinians up to $24 million in tax revenue, Medicaid costs and incarceration costs every year.
View Research Publication at
http://www.edchoice.org/downloadFile.do?id=256
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