States that take a “business as usual” approach will spend an extra $8.3 billion to implement Common Core Standards, concludes a new Fordham study. However, “bare bones” implementation would cost $927 million less than current spending. A “balanced approach” would cut added costs to $1.2 billion.
A Pioneer Institute study estimates states would spend $16 billion over seven years to move to Common Core Standards.
“Enemies and critics of the common core want you to believe the worst: that besides being hard, it will be very pricey and likely ineffective,” Chester E, Finn Jr., Fordham’s president, wrote in a foreward to the new report. “But this report says otherwise. Implementation can be modestly priced and likely more effective if states are astute enough to (a) implement differently, (b) deploy resources that they’re already spending, and (c) take advantage of this rare opportunity to revamp their education delivery systems, too.”
Fordham’s estimate doesn’t include the cost of computers and servers needed for online assessments, counters Theodor Rebarber, author of the Pioneer Institute study.