The Priciest Education in the World

The priciest education in the OECD

A new survey from the Organization for Economic Cooperation and Development (OECD) finds that the United States spends more than most developed nations on its students' education each year, with parents and private foundations picking up more of the costs, the Associated Press reports. The survey found the U.S. spent more than $11,000 per elementary student and more than $12,000 per high school student in 2010. When researchers factored in cost for postsecondary programs such as college or vocational training, the U.S. spent $15,171 per youth -- more than any other nation in the report (the average OECD nation spent $9,313). As a share of its economy, the U.S. spent 7.3 percent of its gross domestic product on education, compared with the 6.3 percent average. The average American high school teacher earns $53,000, well above the OECD average of $45,500. "Teachers' salaries represent the largest single cost in formal education and have a direct impact on the attractiveness of the teaching profession" in our country, the report states. Even so, other nations have increased teacher salaries more quickly than ours. More

Source:  Public Education News Blast

Published by LEAP

Los Angeles Education Partnership (LAEP) is an education support organization that works as a collaborative partner in high-poverty communities.

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