The for-profit education industry is worth approximately $70 billion, or about one-tenth of the total $740 billion spent on education in the United States last year, according to Merrill Lynch’s “The Book of Knowledge,” published in April 1999. | ||
Technology ($4.8) | ||
Supplemental materials ($3.6) | ||
Textbooks ($3) | ||
Books ($3) | Private education ($2.6) | |
Supplemental materials ($2.5) | Special education ($2) | |
Tutorial/test prep ($2.5) | At-risk/alternative education ($1) | |
Software ($1.50) |
Private management of public schools ($0.5) | |
Test delivery ($1.50) | Teacher training ($0.5) | |
Language instruction ($1) |
Supplmental instruction ($0.5) | |
Toys ($1) | Before/after school programs ($0.3) | |
SOURCE: Merrill Lynch Inc. | ||