More than 1.2 million students either dropped out of high school or did not graduate on time in 2004, which could cost the nation more than $325 billion in lost wages, taxes, and productivity over their lifetimes if they do not complete high school, concludes a report.
The report—released by the Washington-based Alliance for Excellent Education—is based on an analysis by Princeton University researcher Cecilia Rouse. Her analysis estimates that the lifetime difference in income between a high school graduate and a dropout is about $260,000.
Vol. 25, Issue 26, Page 12Published in Print: March 8, 2006, as Dropout Costs