Study Says Investing In Higher Ed Saves Money Long-Term
Berkeley, CA — A new study out today suggests that investing in higher education could net savings for California taxpayers.
UC Berkeley researchers say the number of people reaching college age is growing and if they don´t have the opportunity to learn, taxpayers could eventually be saddled paying for more people living in poverty and even in jail.
The study was commissioned by the bipartisan Campaign for College Opportunity. It looked at the potential return on investing in education and the cost of doing nothing.
In general, the study found the state will get a return of $3 for every new dollar spent on community colleges, public universities and student financial aid. For every dollar not spent, the loss was two tax dollars.