I review some of the recent research in a post at Education Next.
Here’s some math from the post:
Increasing Funding by Even 10% is Insanely Expensive
Consider a hypothetical town with 50,000 students, all of them who are in poverty, and a per-pupil allocation of $10,000.
Over ten years, increasing per-pupil by 10% will cost the town a half a billion dollars.
To put the costs in context: on average, it costs around $1,000,000 to launch a new charter school that serves 500 students.
This puts the cost of the charter intervention at roughly $100,000,000.
Also: the charter costs are one-time costs.
So over a ten-year period, the total bill for increasing funding by 10%: $500 million.
The total cost for scaling urban charters to serve all 50,000 students: $100 million.
For a fifth of the cost, you probably get 3-5X the achievement impact.
Do read the whole piece.