Between March 2020 and March 2021, the federal government distributed an unprecedented amount of money to American public schools to address the challenges of the COVID-19 pandemic. About $6 billion was distributed in three waves to the state of Michigan alone. This report uses data provided by districts to the state government to analyze how…

Previous research showed that the Great Recession of 2007-2008 had negative effects on student test scores. These declines were linked, in part, to the negative effects of states' educational budget cuts or less spending per student. Using individual student test scores, this paper examines whether the level of school quality (as measured by…

This study estimates the impact of education sector of the 5-ASEAN members and China in the long-run. This study also examines the long-run relationship of the education sector and the economy. This compares the number of enrollees in the 5-ASEAN countries plus China. Having the 2015 ASEAN integration, it is important to determine the contribution…

The financial system is a highly competitive field whose applications range from as big as the strategic vision and missions of the multinational companies to as small as day-to-day household expenditure decisions or management of pocket money by students. Financial literacy is a life skill that, in theory, is highly related to the well-being of…

2022 turned out to be a dynamic year for charter schools, as many state lawmakers recognized the fact parents want more schooling options that fit their children's unique needs. In total, close to 50% of states with charter school laws gained at least one legislative win. Read for more details on how the charter school movement strengthened in the…

Governments vary greatly in the way they decide the level of funding for public primary schools, although typically it involves using a combination of rule-based and discretionary criteria. They also tend to place restrictions on how funding is used by earmarking it for particular categories of expenditure. This practice is not universal, however,…

Staggered adoption of policies by different units at different times creates promising opportunities for observational causal inference. Estimation remains challenging, however, and common regression methods can give misleading results. A promising alternative is the synthetic control method (SCM), which finds a weighted average of control units…

The post-great recession period (June of 2009 to February of 2020) was marked by a decline in state funding for higher education that further necessitated institutions to rely on tuition funding. Revenues from tuition are based not only on what institutions charge, but also how many students are charged. This tuition revenue dynamic makes…

The COVID-19 pandemic disrupted higher education in California, forcing students and institutions to adapt rapidly to the public health and economic crisis. Institutions' revenue streams were predicted to decline just as new and increased costs for health, safety, and online education burdened budgets. The federal government provided over $10…

Recent public discussions and legal decisions suggest that school segregation will remain persistent in the United States, but increased transparency may help monitor spending across schools. These circumstances revive an old question: is it possible to achieve an educational system that is separate but equal--or better--in terms of spending? This…

This article takes advantage of a recently released national data set on school site expenditures to evaluate spending variations between traditional district operated schools and charter schools operated by for-profit versus nonprofit management firms. Prior research has revealed the revenue-enhancement, private fund-raising capacity of major…

There has been much debate by and among federal and state education agencies, state legislatures, courts, and educators regarding the identification of school district expenditures that best facilitate effective and efficient schools. The issue of equitable funding is far from being resolved (Education Week, 2017). Contradictory studies associated…

The "Analysis of School Finances in New York State School Districts" is an annual publication providing a meaningful perspective to staff in the Division of the Budget, the Legislature, the Education Department, and school officials concerning school expenditures, State Aid, and local support. This edition of the Analysis summarizes the…

Rural schools make up 28% of all schools in the United States, serving over 9 million students (NCES, 2018; Thomas, 2023). Addressing the unique cost drivers, service gaps, and funding disparities between rural and nonrural districts is crucial to ensuring equitable learning opportunities for all students. Rural school districts in the U.S. face…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources, among other factors. Strategically designed approaches to college affordability can better…