Statewide Education Savings Accounts Could Play Vital Role in Economic Recovery, According To New Study | Beaufort County Now | The necessity for education choice and flexibility has proven monumentally important in a world where economic competition is global and pandemics can disrupt school and work life with jarring immediacy. | civitas, statewide education, savings account, vital role, economic recovery, education choice, october 6, 2020

Coronavirus Disease 2019 (COVID-19)

Statewide Education Savings Accounts Could Play Vital Role in Economic Recovery, According To New Study

Publisher's Note: This post appears here courtesy of the Civitas Institute. The author of this post is Brooke Medina.

    RALEIGH ­— The necessity for education choice and flexibility has proven monumentally important in a world where economic competition is global and pandemics can disrupt school and work life with jarring immediacy.

    Today, Civitas Institute and Reason Foundation released "Funding Students Instead of Systems: The Economic Impacts of Statewide Education Savings Accounts in North Carolina," a study, authored by Corey DeAngelis, Ph.D.

    The results of this timely and consequential study stand to shape our understanding of the impact education funding has on children, families, and the community. The multivariate nature of this research challenges prevailing, but often insufficient, norms that have artificially sustained the existing education monopoly. Based on this study's findings, the mandate to policymakers is clear: Fund students, not systems.

    On this salient conclusion, DeAngelis writes, "Education funding is supposed to be meant for educating students-not protecting a government monopoly."

    DeAngelis also notes, "The current funding structure of the K-12 public education system prioritizes school systems over individual students... Statewide education savings accounts would put the power in the hands of families by funding students instead of school systems, just like we already do with many other taxpayer-funded initiatives."

    The study suggests that a universal ESA in North Carolina could:

  • Produce $19 billion in economic benefits from higher lifetime earnings associated with increases in academic achievement.
  • Generate $790 million in economic benefits from additional high school graduates and $12 million from reductions in social costs associated with crimes.
  • Provide taxpayer savings of potentially $115 million in one year.

    Among many other boons, both in economic and community measures.

    Bob Luebke, director of policy at Civitas Institute noted, "Coronavirus has upended instruction for thousands of students in North Carolina and left many parents concerned about their child's educational needs. The latest data from Education Week estimates that 60 percent of the public schools in North Carolina reopened without any in-person instruction. The public school's version of remote learning has been a disaster for too many families."

    "These are difficult times for North Carolina families. Our current system of funding schools puts the needs of institutions before the needs of students. ESAs rightfully elevate the educational needs of each child over the needs of a system," Luebke added.

    Click HERE to read the study in its entirety.

    For questions regarding the study's findings, please contact corey.deangelis@reason.org


HbAD0

Latest Op-Ed & Politics

I have strong opinions — but not about how to perform brain surgery, write a smart-phone app, design a golf course, or produce a hip-hop album.
As he nears inauguration this week, President-Elect Joe Biden has proposed a $1.9 trillion relief package.
Get your batsuit and hang tight with the Wolfman as we enter into Gotham City for battle.
Will Europe be a harbinger of things to come in America
With the U.S. Supreme Court shutting the door this month on future legal action, a state Supreme Court decision will continue to dictate the University of North Carolina’s compliance with public records requests linked to sexual assaults.
Army relieves dozens of soldiers for political reasons
Vice President Mike Pence reportedly called Vice-President Elect Kamala Harris on Thursday to congratulate her on her win.

HbAD1

The Pentagon has reportedly turned down a request from President Donald Trump to have an extravagant sendoff from the White House, nixing the president’s plans to have a military parade at Joint Base Andrews before he departs Washington, D.C.
Many of us are very frustrated with the present political situation in both North Carolina and the Washington, D. C.
Gov. Roy Cooper is again pushing for a multibillion-dollar infrastructure bond, but Republican leaders caution that North Carolina’s still-unsteady economy makes it impossible to tell whether it would be prudent.
Order to release information within 180 days was part of $2.3 trillion COVID-19 relief bill
Clarice Feldman of the American Thinker explores the political calculations linked to President Trump’s second impeachment.
Governor Roy Cooper announced today that the North Carolina Executive Mansion will be illuminated on January 19, 2021, at 5:30 PM in remembrance of the lives lost as in the COVID-19 pandemic.
In her fine opinion piece for the Martin Center, Megan Zogby bemoans the “Quixotic” requirement that North Carolina college and university students take between two and four courses in a language such as Spanish, French, or German.
In this installment, we will discuss the "controversial" Gospel of Judas and how it can be used to decipher cryptic messages made by actors portraying the role of "Judas" in the current political arena..
Frank Main and Fran Spielman write in the Chicago Sun-Times about one consequence of the recent nationwide attack on police.

HbAD2

 
Back to Top