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The basic voucher idea: money goes to students, then to schools
Voucher Experiments
All Vouchers
See the book chapter on Efficiency, Entrepreneurship, and Education
| Public Schools Today | Private Schools Today | Voucher System | |
|---|---|---|---|
| Cost per Student | $8,000 | $14,000 | $10,000 |
| Students per Teacher | 30 | 10 | 15 |
| Revenue per Teacher | $240,000 | $140,000 | $150,000 |
| Pay per Teacher | $80,000 | $60,000 | $90,000 |
| Overhead per Teacher | $160,000 | $80,000 | $60,000 |
Progressive Vouchers
See the book chapter on Equity, Entrepreneurship, and Education
More for low-income students
More for students with learning disabilities
Problem of segregation equilibrium
"luxury tax" on high-tuition schools
Better information on value added
Supporters of vouchers: economists (market discipline), some parents in failing schools, religious groups
Opponents of vouchers: teachers' unions; anti-religious groups