SCHOOL CHOICE WOULD BOOST ECONOMY
September 7, 2004
Recent studies show that school choice would eliminate state and local budget deficits, dramatically reduce mortgage payments by hard-pressed middle-class families and stimulate urban revitalization, technology and travel, say observers.
- According to the National Center for Education Statistics, per pupil spending at religious and independent schools averages $4,600, versus $6,857 at public schools -- a savings of $2,257 per pupil.
- A 2003 Yankee Institute study found that were public education delivered with private efficiency, there would be no state budget crisis.
- Brian Gottlob, a New Hampshire economist, says school choice would save New Hampshire $50 million over the next seven years.
Furthermore, Harvard University law professor Elizabeth Warren says that by giving all parents a taxpayer-funded voucher that they could spend at any school, parents would be relieved from the terrible choice of leaving their kids in lousy schools or bankrupting themselves to escape those schools.
Other studies reveal:
- The opportunity for a family's children to attend superior school added between $5,303 and $11,648 to the value of a city home.
- The more schooling options parents are allowed, the more their children naturally gravitate toward online education.
- Having students take more courses at home or in school computer labs would also reduce the need for expensive new school construction.
An additional benefit of school choice is that as more and more children to take advantage of online education, their families would be free to vacation during less crowded, off-peak seasons.
Source: Lewis M. Andrews, "School Choice Would Boost Economy," Perspective, Vol. 1(7): 10-12, July 2004, Yankee Institute; and Brian Gottlob, "The Impact of School Choice Certificates on New Hampshire's Education Trust Fund," Friedman Foundation, April 28, 2004.
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