Could $292,000 pay for a college or trade school education, room and board?  Subsidize a young person until they could land a good job?  With the change left over, could it pay to make high school more hospitable to the poor? For public works projects? For more teachers? Research and development?  We ignore the needs of young people at a terrible cost. And yes, it does take a village.  What are the economic effects of 1.2 million high school dropouts per year?  At $7,300 per student, that amounts to $8.76 billion a year, year two adds another 1.2 million students and becomes $17.52 billion, ad infinitum. Can we solve the problem?  Can we afford not to? What can you buy with $8.76 billion?  How about 175,200 teachers at $50 K a pop, that's one teacher for every 7 dropouts.  MC

"The report puts the collective cost to the nation over the working life of each high school dropout at $292,000. Mr. Sum said that figure took into account lost tax revenues, since dropouts earn less and therefore pay less in taxes than high school graduates. It also includes the costs of providing food stamps and other aid to dropouts and of incarcerating those who turn to crime."

October 9, 2009
Study Finds High Rate of Imprisonment Among Dropouts
By SAM DILLON
On any given day, about one in every 10 young male high school dropouts is in jail or juvenile detention, compared with one in 35 young male high school graduates, according to a new study of the effects of dropping out of school in an America where demand for low-skill workers is plunging.

The picture is even bleaker for African-Americans, with nearly one in four young black male dropouts incarcerated or otherwise institutionalized on an average day, the study said. That compares with about one in 14 young, male, white, Asian or Hispanic dropouts.

Researchers at Northeastern University used census and other government data to carry out the study, which tracks the employment, workplace, parenting and criminal justice experiences of young high school dropouts.

"We’re trying to show what it means to be a dropout in the 21st century United States," said Andrew Sum, director of the Center for Labor Market Studies at Northeastern, who headed a team of researchers that prepared the report. "It’s one of the country’s costliest problems. The unemployment, the incarceration rates — it’s scary."

A coalition of civil rights and public education advocacy groups and a network of alternative schools in Chicago commissioned the report as part of a push for new educational opportunities for the nation’s 6.2 million high school dropouts.

"The dropout rate is driving the nation’s increasing prison population, and it’s a drag on America’s economic competitiveness," said Marc H. Morial, the former New Orleans mayor who is president of the National Urban League, one of the groups in the coalition that commissioned the report. "This report makes it clear that every American pays a cost when a young person leaves school without a diploma."

The report puts the collective cost to the nation over the working life of each high school dropout at $292,000. Mr. Sum said that figure took into account lost tax revenues, since dropouts earn less and therefore pay less in taxes than high school graduates. It also includes the costs of providing food stamps and other aid to dropouts and of incarcerating those who turn to crime.

Continued at the: NY Times