The report – by the bi-partisan Campaign for College Opportunity – looked at the potential return on investing in education and the cost of doing nothing.
Executive Director Abdi Soltani says the number of people reaching college age is growing and if they don’t have the opportunity to learn, taxpayers could eventually be saddled paying for more people living in poverty and even jail.
"We might save some money in the short term but the study finds that we’ll pay the price substantially more later. For every dollar we apparently save in the short term we have to pay a price of $2 in the long term."
Soltani says they’re research found that the state will get a return of $3 for every new dollar spent on community colleges, public universities and student financial aid.