Six studies that examine the school voucher program from its inception in the 1990s to present day show that the program has saved public school systems more than $1.7 billion annually.
The studies followed students in six states and Washington D.C., according to an article this week from the Friedman Foundation for Educational Choice. Over the 20-year span, each study found multiple positive impacts for taxpayers.
The voucher process is simple: students who transfer from public school systems are given vouchers for private education. Each transferred student relieves the public school of the cost of that student's participation, resulting in a net savings per student - in other words, a smaller bill for taxpayers.
Schools lost $2.8 billion in voucher funds, but spent $4.5 billion less as a result of the transferred students. The difference equals the $1.7 billion in savings mentioned above, according to the Friedman Foundation.
Money saved by the voucher program as been used to lower taxes, lower total state spending or invest back into public schools, among other things.
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