Information provided by a recent study conducted by a facebook page, Rise Up Ocean County, found that Lakewood saves the State of New Jersey close to a billion dollars by sending over 32,000 students to private schools over public schools.
There are more than 32,000 students in over 150 private schools in Lakewood, if they would receive the same amount of State funding per student as Newark does, at $22,555 per student, those students would receive $721,760,000 from the state. Being that Lakewood would also have to acquire buildings for the vast influx of student body, a rough estimate easily adds another $180 million to that amount, bringing the number slightly above $900,000,000.
Of course, as RUOC points out there is no guarantee that Lakewood would receive the same amount per student as Newark, RUOC estimates $18,535 per student which gives us the amount at $593,120,000, if you add the estimated $180 million for buildings you are up to $773,120,000 – more then three quarters of a billion dollars!
(As a side point – It is interesting to note that RUOC which takes great pride in their superior education, seems to have made a simple math miscalculation, RUOC calculates $18,535 multiplied by 38,200 students (Private & public school children) at $708,056,000 however this is not the case, rather the total would be 708,037,000.
Don’t expect RUOC to acknowledge their mistake, RUOC never makes mistakes.)
Much thanks to RUOC for research provided, hopefully, this will shed light on the common misconception that Lakewood is a strain on society.