The For-Profit Education Industry

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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.

Vol. 19, Issue 13, Page 14

Published in Print: November 24, 1999, as The For-Profit Education Industry
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