More Money or More Charter Schools?

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.

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