The Texas Public Policy Foundation, the Texas Business Leadership Council and Excel in Ed teamed up to publish a new white paper by yours truly called
The Yellow Rose The Achilles Heel of Texas: Improving College Eligibility Rates through K-12 Savings Accounts. Bottom line: only a minority of Texas public school students get prepared for even a moderately selective college or university, and the percentage moves to catastrophically low levels when looking at the ethnic minority student groups which now constitute a large majority of Texas students. Meanwhile an annual 90k+ of new students per year has been driving resources out of the classroom and into debt, with no end in sight and an aging population that will slow revenue growth and create new costly problems in health care and pensions.
Judging from the number of applications received in the first year of NVESA, enrollment growth in Texas could be substantially slowed by a universal ESA program, which would give the public system a chance to focus resources away from the debt spiral of constantly building new facilities and then surrounding them with portable buildings. We could expect such a system to have the well-established positive effects for both participating and non-participating students, but also represents an opportunity for low-income students especially to save and build assets for future higher education
Read the full report, here.
This post originally appeared on Jay P. Greene’s Blog.
About the author
Dr. Matthew Ladner @MatthewLadner
Dr. Matthew Ladner is the Senior Advisor of Policy and Research for the Foundation for Excellence in Education. He previously served as Vice President of Research and Goldwater Institute. Prior to joining Goldwater, Dr. Ladner was director of state projects at the Alliance for School Choice. Dr. Ladner has written numerous studies on school choice, charter schools and special education reform. Most recently, Dr. Ladner authored the groundbreaking, original research Turn and Face the Strain: Age Demographic Change and the Near Future of American Education, outlining the future funding crisis facing America’s K-12 public education funding. He also coauthors the American Legislative Exchange Council's annual Report Card on American Education: Ranking State K-12 Performance, Progress and Reform. Dr. Ladner has testified before Congress, the United States Commission of Civil Rights and numerous state legislative committees. He is a graduate of the University of Texas at Austin and received both a Masters and a Ph.D. in political science from the University of Houston. Dr. Ladner is a Senior Fellow with the Foundation for Educational Choice. He lives in Phoenix, Arizona.