Wednesday, November 21, 2012
The Cost of Education
Salman Khan, The One World Schoolhouse, on the cost of education: It may not be working very well, but it certainly is expensive. . . . The average cost for a single year of secondary public education was $10,499. To put this number in perspective, consider that it is larger than the entire per capita gross domestic product of Russia or Brazil. In New York, the state with the highest education costs, the figure was $18,126 per student, more than the per capita GDP of such wealthy nations as South Korea and Saudi Arabia.