The Costs and Benefits of an Excellent Education for All of America's Children



Levin, H., Belfield, C., Muennig, P. & Rouse, C. – Teachers College, Columbia University

This cost-benefit study, conducted by Henry Levin of Teachers College, Columbia University, and three colleagues examined the cost effectiveness of diverse approaches (pre-K through high school) to improving graduation rates.  As the only high school approach meeting the authors’ evidentiary standards for inclusion in the study, First Things First (FTF) was found to be the most cost-effective intervention studied, providing a 254% return on public investment. The study is no longer available on the Center for Benefit-Cost Studies of Education website; however, the study has been converted into the book "The Price We Pay: Economic and Social Consequences of Inadequate Education."