Education Finance Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

Education Finance Statistics 2023: Facts about Education Finance outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Education Finance, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Education Finance Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 21 Education Finance Statistics on this page 🙂

Education Finance “Latest” Statistics

  • California spent $12,498 per student in 2018, which is still significantly less than other states like New York, Illinois, and New Jersey.[1]
  • English learners are or have been present in 38% of the K–12 students in California.[1]
  • California’s K–12 education spending has increased by 1.5 times over the past four decades, while higher education spending has increased by 1.7 times.[1]
  • Each student spends $13,185 at public K-12 schools.[2]
  • The total cost of public education in the U.S. is $666.9 billion.[2]
  • The federal government gives K-12 schools across the U.S. $60.34 billion, or $1,193 per student, in total.[2]
  • State contributions in the U.S. to K-12 public education total $357.0 billion, or $7,058 per student.[2]
  • The total contribution from local governments in the U.S. is $347.4 billion, or $6,868 per student.[2]
  • The funding provided by the federal government for public education amounts to 0.32 percent of the total income of taxpayers.[2]
  • After taking into account the value of the local currency, schools in the United States spend an average of $16,993 per student, ranking seventh among the 37 other developed nations in the Organization for Economic Co-operation and Development (OECD).[2]
  • The United States of America spends the 12th most on elementary education out of all OECD members as a percentage of GDP.[2]
  • The UNESCO standard of 15% of total public expenditures for education is not met by the United States.[2]
  • The United States of America is one of six countries that does not report their educational spending on early childhood education.[2]
  • Luxembourg spends more on education than any other OECD nation at $22,700 per student.[2]
  • As a percentage of their GDP, African nations spend the most on education.[2]
  • Compared to other developed nations, which spend an average of 5.59 percent of GDP on education, the United States spends 4.96 percent of GDP on education.[2]
  • Public K-12 schools in Alaska spend $2,408,810,000 annually, or $18,392 per student.[2]
  • The federal government provides Alaska’s K-12 schools with $395,265,000, or $3,018 per student.[2]
  • Arizona’s K-12 schools spend $9,827,893,000 annually or $8,770 per student.[2]
  • Arkansas K-12 schools spend $5,156,738,000 annually or $10,414 per student.[2]
  • More than 90% of all children enrolled in elementary and secondary schools in the United States currently attend public schools.[3]

Also Read

Reference

  1. edpolicyinca – https://edpolicyinca.org/publications/californias-education-funding-crisis-explained-12-charts
  2. educationdata – https://educationdata.org/public-education-spending-statistics
  3. ourworldindata – https://ourworldindata.org/financing-education

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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