Source: Chalkbeat

“Throwing money at the problem” has long gotten a bad rap in education. But a string of recent studies have undermined that perspective. Now, a new review of research drives another nail into the argument’s coffin. The review looks closely at 13 studies focused on schools nationwide or in multiple states. Twelve found that spending more money meant statistically significant benefits for students, including rising test scores and high school graduation rates. Students saw big gains in school districts where spending jumped between 1972 and 1990, one study found. A 10 percent increase in spending across a student’s 12 years in public school led students to complete an additional one-third of a year of school and boosted their adult wages by 7 percent. The gains were largest for low-income kids.