Equal opportunity for education has been a social and moral imperative of our society. In the looming budget battles, it is now an economic imperative. The secondary education system annually produces 1 million dropouts nationally — 10,000 in Massachusetts alone — at a staggering cost to society.
The cost of a dropout over a lifetime has been estimated at up to $500,000 in lost wages, increased entitlements, and criminal justice spending. If the dropout rate can be reduced by one-half to 500,000 annually, savings will approach $250 billion over the lifetime of each graduating class. Over a 10-year period this would represent lifetime savings of almost $2.5 trillion. In the context of our budget challenges, this is real money.