No surprise, but a new report from the Associated Press (picked up by Education Week)
• “The United States spends more than other developed nations on its students’ education each year…”
• “When researchers factored in the cost for programs after high school education such as college or vocational training, the United States spent $15,171 on each young person in the system—more than any other nation covered in the report.”
• “In 2010, the United States spent 7.3 percent of its gross domestic product on education, compared with the 6.3 percent average of other OECD countries.”
Despite all of that, the AP report also points out:
• “The United States routinely trails its rival countries in performances on international exams despite being among the heaviest spenders on education.”
That’s bang for the buck, NOT!