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Cost Estimate to Educate all 3- and 4-Year-Old Children
from Low-Income Families in Minnesota at a Two-Year, High-Quality ECDP
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Annual cost of program |
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Number of 3- and 4-year old children living in poverty* |
20,000 |
Cost per child** |
$9,500 |
Total |
$190,000,000 |
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Current funds available |
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Federal and state annual funds for Head Start |
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(Serves about 13,300 children at an annual costs of $5,750 per child) |
$80,000,000 |
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School Readiness |
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(An estimated 30 percent of children participating in the program live in poverty) |
$3,000,000 |
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Early Childhood Family Education |
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(Estimated amount currently spent on 3- and 4-year-old children who live in poverty) |
$2,000,000
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Total |
$85,000,000 |
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Total annual need (Cost-Current funds available) |
$105,000,000 |
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$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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Annual Report
