Education Policy
History: Little Federal Funding or Control
Elementary, Secondary, and Vocational Education Percent ChangeElementary, Secondary, and Vocational Education Real BudgetElementary, Secondary, and Vocational Education Real Change
03,000
6,0009,000
12,00015,000
18,00021,00024,000
27,00030,00033,000
(3,000)
0
306090
120150180
210240270
300
(30)
19481950
19521954
19561958
19601962
19641966
19681970
19721974
19761978
19801982
19841986
19881990
19921994
19961998
20002002
2002
Dol
lars
Percent C
hange
Federal Spending on Elementary, Secondary, and Vocational EducationFederal Spending on Elementary, Secondary, and Vocational Education
Fiscal Year
History: Little Federal Funding or Control
The Education Gap
The Education Gap
The Education Gap
The Education Gap
The Public’s Response
Does Meritocracy Work?
Chances of obtaining a bachelor’s degree by age 24:
- 1 in 2 if from a family w/annual income $90,000+
- 1 in 4 if from a family w/annual income $61,000-$90,000
- 1 in 10 if from a family w/annual income $35,000-$61,000
- 1 in 17 if from a family w/annual income less than $35,000
percent of Americans earning college degrees with incomes less than $35,000: 6-8%
percent of Americans at top 146 colleges/universities from bottom quartile of the U.S. population (approx. $35,000 or less in annual income): 3%
percent of Americans at top 146 colleges/universities from top quartile of the U.S. population (approx. $90,000 or more in annual income): 74%
Does College Still Pay?
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