The Education Budget in the United States

Education occupies an important place in the United States, socially, politically, and economically. The American education system is decentralized, with significant funding from state and local governments. Each year, funds are allocated for the development of education in the United States.

Let's take a closer look at the budget allocated to education in the United States.

General Education Budget in the United States

In 2024, the overall education budget in the United States was approximately $1.5 trillion, divided between primary and secondary education, higher education, and federal, state, and local programs.

Breakdown of Education Budget Spending in the United States in 2024

The budget allocated for primary and secondary education in the United States is approximately $700 to $750 billion. Funding comes from several sources:

Federal, representing $70 to $80 billion, or approximately 10%. States, representing $300 to $350 billion, or approximately 45 to 50%. Local funding is 40 to 45%, representing $280 to $320 billion. Per-student spending in the United States ranges from approximately $14,000 to $15,000 per year.

Total education spending in the United States is between $600 and $700 billion. The federal government provides approximately 20% of the funding, or $120 to $140 billion. Federal student aid in the United States includes several programs designed to help students finance their higher education. This is the case with the Pell Grant, which amounts to $7,395 per year. In 2024, the federal government allocated $160.7 billion in this aid. The state also allocates nearly 20% of funds for universities and grants, and nearly 60% of financial aid comes from the private sector, or $360 to $420 billion.

Share of Salaries in the Education Budget in the United States

Salaries in the education sector depend on the level of education, location, experience, and type of institution. Salaries represent nearly 50 to 60% of the total education budget. States spend nearly $300 to $350 billion annually. Salary funding comes from various state sources, such as income tax (a major source of salary funding), sales taxes, border taxes, and federal aid. The national average salary for a primary and secondary school teacher is approximately $60,000 to $65,000, with experienced teachers earning up to $85,000 in some districts. A full-time university professor earns as much as $120,000 to $150,000 per year.

In conclusion, the education budget in the United States is a complex system involving federal, state, and local funding, as well as private contributions. However, major challenges remain, including teacher shortages, funding inequalities, and pressure to increase salaries. Collaboration between the state, federal, and local levels will be necessary to build an inclusive and equitable education system for all Americans.