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Financial structure of early childhood education requires overhaul to make it accessible and affordable for all families

from Phys.org

High-quality early care and education is critical to positive child development and has the potential to generate economic returns, but the current financing structure of ECE leaves many children without access to high-quality services and does little to strengthen the ECE workforce, says a new report from the National Academies of Sciences, Engineering, and Medicine. Transforming the accessibility, affordability and quality of ECE provided outside the child's home will require phased implementation, amounting to at least an estimated $140 billion annually from the public and private (philanthropy, employers and families) sectors in the final phase of implementation. The report says an ideal financing structure should support high standards; a highly qualified workforce; and equitable access for families from all socio-economic, racial, ethnic, ability and geographic backgrounds. more


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