- Description
In partnership with the Postsecondary Value Commission, we conducted a thought experiment on the costs of inequality in the US education system. Our simulation found that the US economy misses out on $956 billion per year, along with numerous nonmonetary benefits, as a result of postsecondary attainment gaps by economic status and race/ethnicity. The Cost of Economic and Racial Injustice in Postsecondary Education finds that closing these gaps would require an initial public investment of at least $3.97 trillion, but the benefits would outweigh the costs over time. Equalizing educational attainment without increasing student debt for low-income adults could also boost GDP by a total of $764 billion annually.
- Funded by
- Annie E. Casey Foundation
- Bill & Melinda Gates Foundation
- Joyce Foundation
- Lumina Foundation
- Document type
- Report/Whitepaper
- Geography
- North America / United States
- Copyright
- Creative Commons Attribution-NonCommercial 4.0 International License
- What to read next
- Advancing Equity Planning Now
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- Title
- The Cost of Economic and Racial Injustice in Postsecondary Education
- Publication date
- 2021-05-11
- Publication year
- 2021
- Authors
- Anthony P. Carnevale , Artem Gulish , Ban Cheah , Jeff Strohl , Jenna R. Sablan , Kathryn Peltier Campbell , Megan L. Fasules , Michael C. Quinn , Nicole Smith , Sarah Barrese
- Copyright holder(s)
- Center on Education and Workforce at Georgetown University
- Geographical focus
- North America / United States
- Keywords
- educational attainment, postsecondary education, education, attainment
- Document type
- Report/Whitepaper
- URL
- https://racialequity.issuelab.org/resource/the-cost-of-economic-and-racial-injustice-in-postsecondary-education
- Resource provided by
- Issue Lab
