"Proven educational strategies to increase high school completion provide returns to the taxpayer that are two to four times their cost."
"Failure to substantially reduce the numbers of high school dropouts is demonstrably penny-wise and pound-foolish."
By HENRY M. LEVIN and CECILIA E. ROUSE
New York Times
Published: January 25, 2012
ONLY 21 states require students to attend high school until they graduate or turn 18.Pres. Obama's proposal to raise compulsory attendance laws to 18 in every state...is a step in the right direction, but it would not go far enough to reduce a dropout rate that imposes a heavy cost on the entire economy, not just on those who fail to obtain a diploma.Rigorous evidence gathered over decades suggests that some of the most promising approaches (to dropout prevention) need to start even earlier (than high school).
Dropouts: By the numbersReturn of $1.45 to $3.55 for every dollar of investment, depending upon the educational intervention strategy.Proven educational strategies to increase high school completion, like high-quality preschool, provide returns to the taxpayer that are as much as three and a half times their cost.Each new graduate confers a net benefit to taxpayers of about $127,000 over the graduate’s lifetime.This is a benefit to the public of nearly $90 billion for each year of success in reducing the number of high school dropouts by 700,000 — or something close to $1 trillion after 11 years.
Via Mel Riddile