What country spends the most on education? By Investopedia
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The United States spends more money educating its young people than any other nation, according to a study from the Organization for Economic Cooperation and Development (OECD), which compiles educational data from nations across the globe each year. In 2010, the U.S. spent nearly $12,000 per student on elementary and secondary education, almost 40% more than the OECD average of $8,500. College spending, including technical schools and universities, was over $25,000, nearly double the average spending of other countries in the OECD. Total U.S. spending averaged $15,171 per student, slightly more than Switzerland’s $14,922 per year and 30% more than the average for all of the countries included in the OECD study.
The U.S. spending estimate includes money spent by public sources, such as federally guaranteed student loans and direct loans from the Department of Education, and private funds. Private funds include fees and expenses paid by parents and students and private student loans, which are not federally guaranteed.
Several countries outspent the U.S. on elementary and secondary education, including Switzerland, Norway and Luxembourg, which spent $19,050 per full-time student in 2010. Switzerland came closest to U.S. spending on higher education, with total expenditures per student of nearly $22,000 per year. Sweden was next at $19,500 followed by Denmark and Norway, which spent $18,900 and $18,500 respectively.
The U.S. also spent less of its total wealth on education than many of its counterparts. In terms of the percentage of the gross domestic product (GDP) spent on education, it trailed Denmark, Iceland, the Republic of Korea and Israel.
PRIVATE FUNDING
the others give a level of education that compares to our high school level and years of college without PRIVATE SPENDING included
in other words they get more for less because its all public spending
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