The Economics of Education

Early Childhood FundingI read a fascinating article in the NY Times on April 2 about the economics of education. The point was that a child who is behind at age 3 will never catch up to his or her peers regardless of the amount of money spent. The solution is to spend the money in the very early years when it can have a permanent effect. The way money is allocated now, about $300 per child is spent annually on education to age 3; $5,000 in Pre-K K; and $10,000 per year afterwards until college. College is even more expensive. The article seems very logical in that so much effort and money spent in the K-12 years seems to have so little success in moving the achievement needle at a large scale. Read the article now