On June 25, the Organization for Economic Co-operation and Development (OECD) released its annual report, Education at a Glance 2013. This report discusses the state of education in 37 OECD member and partner countries. This report provides information that includes data on finances, enrollment, and graduation rates.
Major findings related to U.S. Higher Education are as follows:
- Approximately 42% of American adults aged 25 to 64 have a tertiary degree. That ranks fifth highest in the OECD behind Russia (53%), Canada (51%), Israel (46%) and Japan (46%).
- 43% of 25-34 year-old Americans had attained a tertiary degree in 2011. That ranks 12th among OECD member and partner countries. Korea led the way among this age group with a 64% attainment rate.
- The U.S. currently spends 2.8% of its GDP on higher education vs. 1.6% for the OECD on average Higher education spending per student amounts to $25,576 in the U.S. Aside from the U.S., annual per student spending exceeds $20,000 in Canada ($22,475) and Switzerland ($21,893).
- In the U.S., private sources account for 64% of tertiary education spending. In contrast, across the OECD, 68% of tertiary education spending comes from public sources.
- In the U.S., 48% of private tertiary spending comes from households.
- The share of international students choosing to study in the U.S. has declined from 23% in 2000 to 16% in 2011