How Does the U.S. Equate in the G-8?
August 22, 2007
Among the world’s most economically developed countries, the United States hosts the most foreign students, 22 percent of the total number of postsecondary students studying abroad. However, foreign students represent a small percentage of all postsecondary students in the U.S. (3 percent)—one of the lowest proportions of foreign students among the G-8 countries—according to a report released this month by the National Center of Education Statistics.
The report, Comparative Indicators of Education in the United States and Other G-8 Countries: 2006, compares the United States with the other G-8 countries—Canada, France, Germany, Italy, Japan, the Russian Federation, and the United Kingdom—on a range of indicators related to citizens’ educational attainment and investment in education by the countries themselves.
In fiscal year 2003, the United States spent a higher percentage (7 percent) of its gross domestic product on education than any of the other G-8 countries, with 2.9 percent specifically for higher education. None of the other five countries submitting budgetary information spent more than 1.4 percent of their GDP on higher education. The United States also spent the highest amount of any G-8 country on a per-student basis, spending more than $24,000 per student at the higher education level and nearly $9,000 per student at the combined primary and secondary education levels.
The United States ranked third among the G-8 countries for the percentage of 25-to 64-year-olds to have completed a higher education (39 percent), following the Russian Federation (55 percent) and Canada (45 percent). The United States slides to the No. 4 slot in the ranking for the younger age group (25-34), as Japan moves in front of the United States on this indicator. Although the United States awarded the greatest percentage of first university degrees in social sciences, business, and law combined, it lags behind all other G-8 countries in the percentage of first degrees awarded in science, mathematics, and engineering-related fields. Germany leads the G-8 countries in the percentage of first degrees awarded in science, math, and engineering-related fields.
Eighty-three percent of U.S. adults ages 25 to 64 with secondary education as their highest level of educational attainment earned at or below the median income of U.S. adults in 2004. The U.S. percentage was higher than the corresponding percentages in all of the other G-8 countries except the United Kingdom (also at 83 percent). This would indicate that, relative to other G-8 countries, educational attainment is closely tied to income level in the United States and the United Kingdom.
- Tuition Increases Slow, While Student Loan Borrowing Declines, College Board Reports
- IRS Response to NACUBO on 1098-T Penalties Offers No Relief
- IRS Publishes Final Rules on Overpayments of Arbitrage Rebate on Tax-Exempt Bonds
- 2015 Intermediate Accounting and Reporting - Winter
January 22-23, 2015
- 2015 Endowment and Debt Management Forum
February 4-6, 2015
- 2015 Unrelated Business Income Tax
February 25-27, 2015
- ON-DEMAND: How to Build, Develop, and Support a Compliance Program at Your Institution
- ON-DEMAND: Strategic Tuition Assessment and Tuition Restructuring
- ON-DEMAND: Are Shared Services Right for Your Organization – The KU Journey
- ON-DEMAND: VIRTUAL: 2014 Annual Meeting
- ON-DEMAND: VIRTUAL: Student Financial Services Conference
- ON-DEMAND: VIRTUAL: Higher Education Accounting Forum
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis