Increasing National High School Graduation Rate Key to Job Creation and Economic Growth, New Alliance Analysis Finds Press ReleaseDecember 15, 2015
New data released today by the Alliance for Excellent Education demonstrates how graduating more students from high school creates new jobs, increases consumer spending, boosts tax revenues, and increases the gross domestic product. This “Graduation Effect” data is available for the United States as a whole, all fifty states and the District of Columbia, and more than 200 metro areas nationwide at impact.all4ed.org.
Education and the Economy
Don’t let your kids make a $630,000 mistake In the NewsAugust 04, 2014
A study released last year by The Alliance for Excellent Education found that the nation could save as much as$18.5 billion in losses from criminal activity if the high school male graduation rate increased by only five percentage points. The same increase in graduates would result in approximately 60,000 less cases of assault, 37,000 less larcenies, 31,000 less vehicle thefts and 17,000 less burglaries. It could also prevent about 1,300 murders, 3,800 rapes and 1,500 robberies. The U.S. economy would also benefit from an additional $1.2 billion in annual employment earnings.
Teacher Attrition Costs United States Up to $2.2 Billion Annually, Says New Alliance Report Press ReleaseJuly 17, 2014
Roughly half a million U.S. teachers either move or leave the profession each year—attrition that costs the United States up to $2.2 billion annually, according to a new report from the Alliance for Excellent Education. This high turnover rate disproportionately affects high-poverty schools and seriously compromises the nation’s capacity to ensure that all students have access to skilled teaching.
How Dropout’s Affect Ohio’s Economy In the NewsMarch 07, 2014
The estimated 24,000 students who drop out of Ohio schools every year lose out on tens of thousands of dollars in annual income... High school dropouts also tend to have a higher unemployment rate and higher health care needs, according to the Alliance for Excellent Education.
Student success has never been more critical to our community and our economy. According to the Alliance for Excellent Education, an estimated 53,800 students dropped out of North Carolina’s Class of 2010. If just half of those students graduated from high school, collectively, they would likely have earned as much as $292 million more per year and contributed $28 million in increased annual tax revenue.
The Alliance for Excellent Education reports that for some 46,300 students not graduating from Michigan high schools in 2008, the state has lost $2.2 billion in household wealth, $12.3 billion in lost wages; $750 million in incurred health care costs; and $126.5 million in remedial training costs.
A recent report from the Alliance for Excellent Education asserts that increasing the numbers of high school completers presents national and state-by-state Medicare savings and "societal savings" from costs of illnesses that could be realized by a 50 percent reduction in non-completion.
Since leaving public office, Bob Wise has championed education improvements nationally, currently serving as executive director of the national Alliance for Excellent Education ... He is a fan of many of the education reforms adopted in Alabama under former Gov. Bob Riley, especially the Alabama Reading Initiative
San Jose based start-up Zimron.com launched last weekend matching students to colleges using predictive analytic algorithms ... The Alliance for Excellent Education says that in the next decade 13 million students will drop out of school, costing the nation more than $3 trillion.
Early Solutions Can Lower Dropout Rate In the NewsNovember 15, 2013
The Alliance for Excellent Education reports that if we had increased the graduation rate for the class of 2012 to 90 percent, gains for Texas' economy would be $919 million in increased annual earnings, $729 million in increased annual spending, $1.3 billion in increased home sales, $78 million in increased auto sales, 7,600 new jobs, $1.2 billion in increased annual gross state product, $143 million in increased federal tax revenue and $42 million in increased annual state/local revenues.