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Money for nothing.

By KATE BACHELDER [Wall Street Journal] — The U.S. spent $12,608 per student in 2010—more than double the figure, in inflation-adjusted dollars, spent in 1970—and spending on public elementary and secondary schools has surpassed $600 billion. How’s that working out? Adjusted state SAT scores have declined on average 3% since the 1970s, as the Cato Institute’s Andrew Coulson found in a March report.

No better news in the international rankings: The Program for International Student Assessment reports that in 2012 American 15-year-olds placed in the middle of the pack, alongside peers from Slovakia—which shells out half as much money as the U.S. per student.

Continued in The Wall Street Journal [subscription] | Andrew Coulson on trends in education spending and performance [Cato] | More Chronicle & Notices.

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