Return on Investment

Education equates earnings. The National Governor’s Association reported “people with solid basic education and literacy skills work and earn more than people without those skills”. Further, the link between education and income is demonstrated in a 2002 comparison of average annual income for person 18 and older and educational attainment:

Educational Attainment
Median Income (2002)
Less than High School
$21,391
High School Graduate
$28,807
Some College
$32,400
Associate Degree
$35,389
Bachelor Degree
$46,276
Master Degree
$55,302
Doctorate Degree
$70,476
Professional Degree
$80,230

Simply put, the higher the education, the higher the earnings, the better prepared our youth are to become leaders of tomorrow, and the more likely their children are to pursue higher education.

The following table represents potential of the graduates of Project Discovery programs over the last seven years.

Educational Attainment
Projected Annual Earnings
HS Grads
(7 Years)
Annual Earnings Potential
Annual Tax Revenue
Annual Tax
Revenue Differential
Less than HS
$21,391
4442
$95,018,822
$4,750,941
HS Grad
$28,807
4442
$127,960,694
$6,398,035
$1,674,094*
Some College
$32,400
4442
$143,920,800
$7,196,040
$2,445,099*
Associate Degree
$35,389
4442
$157,197,938
$7,859,897
$3,108,956*
Bachelor Degree
$46,276
4442
$205,557,992
$10,277,900
$5,526,959*
Master Degree
$55,302
4442
$245,651,484
$12,282,574
$7,531,633*
Doctorate Degree
$70,476
4442
$313,054,392
$15,652,720
$10,901,779*
Professional Degree
$80,230
4442
$356,381,660
$17,819,083
$13,0686,142*

* Differential over HS Dropout

Clearly, Project Discovery cannot claim that every one of its participants who graduate from high school would not have done so without the program. However, Project Discovery participants do graduate and do go onto higher education as a result of the program. In fact, the top twenty-five educational institutions attended by Project Discovery graduates over the last 7 years are either a community college (12) or a four-year college (13), 24 of which are in the Commonwealth.

Reports

Funding History

Service Levels

Demographics

Top Ten Institutions

Return on Investment

Fiscal Year


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