Study Finds College Remediation Costs California Billions

The Pacific Research Institute a right of center think tank in California estimates the total cost of remediation for a single cohort of college freshman at 2 and 4 year California colleges at between $3.9 billion and $13.9 billion annually, driven largely by lost individual earnings and related social costs. The direct remediation costs for Ca postsecondary institutions is $247 million. But there are high and low estimates for many other costs such as lost earnings, crime, and reduced tax receipts. The study is provocative, but hardly definitive. Yet it is good for discussion because older studies only use direct costs to colleges and are way out of date. See the study at http:liberty.pacificresearch.org. The study is titled The High Price of Failure in California.

Labels: academic preparation College Completion, college costs