Does school choice work? If you ask researchers Patrick Wolf and Michael McShane the answer is a resounding yes. Last week Wolf and McShane released the stunning results of their cost-benefit analysis of the D.C. Opportunity Scholarship program.
The researchers found that for every dollar spent on the Opportunity Scholarship Program, the program produced $2.62 in benefits. That’s a return on public investment of 162 percent. Yes, I said 162 percent!
The study is based on results of the official U.S. Department of Education evaluation of the D. C. Opportunity Scholarship Program. The study was published in the peer-reviewed journal, Education Finance and Policy.