fedgazette

Cost Estimate to Educate all 3- and 4-Year-Old Children from Low-Income Families in Minnesota at a Two-Year, High-Quality ECDP

Table

Published March 1, 2003  |  March 2003 issue

Annual cost of program
Number of 3- and 4-year old children living in poverty*
20,000
Cost per child**
$9,500
Total
$190,000,000
   
Current funds available  
Federal and state annual funds for Head Start  
(Serves about 13,300 children at an annual costs of $5,750 per child)
$80,000,000
   
School Readiness  
(An estimated 30 percent of children participating in the program live in poverty)
$3,000,000
   
Early Childhood Family Education  
(Estimated amount currently spent on 3- and 4-year-old children who live in poverty)
$2,000,000
   
Total
$85,000,000
   
Total annual need (Cost-Current funds available)
$105,000,000
   
$1.5 billion endowment invested in AAA corporate bonds yielding an average 7 percent annual return.
$105,000,000

*Based on statistics from the Minnesota Department of Children, Families & Learning

**Estimate based on Perry School program in Ypsilanti, Mich.

Return to: Early Childhood Development: Economic Development with a High Public Return

Table 1A—Benefit/Cost Analysis
Table 1B—Real Internal Rate of Return

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