Report: U.S. spends more per student than other countries

06/25/2013 | CBS News

The U.S. in 2010 spent more than $11,000 per elementary-school student, more than $12,000 per high-school student and a total of about $15,171 per each young person in the educational system -- the highest spending of any developed country, according to the Organization for Economic Cooperation and Development. In its annual report, released Tuesday, the organization also states that novice and experienced teachers in the U.S. earn more than their peers in many other countries, though salaries in the U.S. are growing at a slower rate than those in some countries.

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