Education Futures Corp

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Karlton Roberts EFC


K-12 education

Schooling is compulsory for all children in the United States, but the age range for which school attendance is required varies from state to state. Some states allow students to leave school between 14-17 with parental permission, before finishing high school; other states require students to stay in school until age 18. Public (free) education is typically from kindergarten to grade 12 and is thus referred to as K-12 (short for K through twelve).

Most parents send their children to either a public or private institution. According to government data, one-tenth of students are enrolled in private schools. Approximately 85% of students enter the public schools, largely because they are tax-subsidized (tax burdens by school districts vary from area to area). School districts are usually separate from other local jurisdictions, with independent officials and budgets.

There are more than 14,000 school districts in the country, and more than $500 billion is spent each year on public primary and secondary education. Most states require that their school districts within the state teach for 180 days a year. In 2010, there were 3,823,142 teachers in public, charter, private, and Catholic elementary and secondary schools. They taught a total of 55,203,000 students, who attended one of 132,656 schools.Education Futures - Karlton Roberts

Funding for college

At the college and university level student loan funding is split in half; half is managed by the Department of Education directly, called the Federal Direct Student Loan Program (FDSLP). The other half is managed by commercial entities such as banks, credit unions, and financial services firms such as Sallie Mae, under the Federal Family Education Loan Program (FFELP). Some schools accept only FFELP loans; others accept only FDSLP. Still others accept both, and a few schools will not accept either, in which case students must seek out private alternatives for student loans.

Grant funding is provided by the federal Pell Grant program.

Karlton Roberts - Education Futures


Middle-tier of American schools
Aside from these aforementioned schools, academic reputations vary widely among the 'middle-tier' of American schools, (and even among academic departments within each of these schools.) Most public and private institutions fall into this 'middle' range. Some institutions feature honors colleges or other rigorous programs that challenge academically exceptional students, who might otherwise attend a 'top-tier' college. Aware of the status attached to the perception of the college that they attend, students often apply to a range of schools. Some apply to a relatively prestigious school with a low acceptance rate, gambling on the chance of acceptance but, as a backup, also apply to a safety school.

Lower status institutions include community colleges. These are primarily two-year public institutions, which individual states usually require to accept all local residents who seek admission, and offer associate's degrees or vocational certificate programs. Many community colleges have relationships with four-year state universities and colleges or even private universities that enable their students to transfer to these universities for a four-year degree after completing a two-year program at the community college.

Regardless of perceived prestige, many institutions feature at least one distinguished academic department, and most post-secondary American students attend one of the 2,400 four-year colleges and universities or 1,700 two-year colleges not included among the twenty-five or so 'top-tier' institutions.