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Does Spending Correlate with Achievement?

A cost-benefit analysis reveals that an average of $546 spent per home school student per year yields an average 85th percentile ranking on test scores. Compare this to the average annual expenditure of $5,325 per public school student to achieve only an average 50th percentile ranking. These figures do not include capital expenditures, like buildings and land, etc. (Figure 9.0).

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Footnote: ** All cost-per-student amounts in this figure exclude capital costs.
* United States Department of Education, National Center for Education Statistics (1996). Statistics in brief, June 1996; Revenues and expenditures for public elementary and secondary education: School year 1993-1994. [From: Common core of data: National public education financial survey.] Washington, DC: U.S. Department of Education.