The Cost of Doing Nothing
Sara Weissman, Inside Higher Ed
The United States loses out on hundreds of billions of dollars each year because of racial and socioeconomic inequities in higher education attainment, according to a new report by the Georgetown University Center on Education and the Workforce.
The report, conducted in partnership with the Postsecondary Value Commission, an initiative of the Bill & Melinda Gates Foundation and managed by the Institute for Higher Education Policy, found that it would take $3.97 trillion to close racial and socioeconomic gaps in college degree completion in the country. But after that initial investment, the United States stands to gain $956 billion per year in increased in tax revenues and GDP and cost savings on social assistance programs.