US Education Spending Tops International List

By Dr. Marciene Mattleman

PHILADELPHIA (CBS) - A new survey from the Organization for Economic Cooperation and Development reveals that the United States spends more than most developed nations on education. Public spending accounts for 70 cents on every dollar. Parents paid 25% and private sources, e.g. foundations, paid for the rest.

The survey found that we 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 US spent $15,171 per youth -- more than any other nation in the international report.

Yet, despite spending, we trail other countries on international tests. Fourth graders are 11th in math in the world and 8th graders 9th, in 2011.

Research shows that strong school leadership, dedicated qualified teachers, children who start school ready to learn and clear expectations are among factors other than money in determining how children succeed in school.