According to a new report, charter schools are around 41 percent more cost-effective, provide 58 percent greater return on investment, and yield higher test scores than traditional public schools.
The report (pdf)—”Still a Good Investment: Charter School Productivity in Nine Cities,” released Nov. 1 by a research team based at the University of Arkansas—examines cost-effectiveness and ROI in the cities of Camden, Colorado, Denver, Houston, Indianapolis, Memphis (Shelby County), New Orleans, New York, San Antonio and Washington. The report concluded that not only do charters provide better education, but they also provide greater lifetime earnings per education dollar spent. In addition, the charter schools in the nine cities studied serve a higher percentage of students in poverty than their traditional public school counterparts.
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