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What is the federal spending on Education?

In FY 2023 federal spending on education was “guesstimated” to be $15 billion.

Federal Education Spending Analysis

This page shows the current trends in federal education spending. There are also charts on education spending history. See here for a general history of education spending.

Recent Federal Education Spending

Recent Federal Education Spending

Chart S.81f: Recent Federal Education Spending

Recent Fed. Education Spending<br>as Pct GDP

Chart S.82f: Recent Fed. Education Spending
as Pct GDP

In the 2010s federal education spending amounted to about $150 billion. But in the COVID crisis federal education spending bumped up. Then there was the student loan forgiveness. In 2023 federal education spending was $15 billion.

Viewed from a GDP perspective, federal education spending was pretty steady at 0.6 to 0.7 percent of GDP during the 2010s. Federal education spending doubled due to the COVID crisis and then President Biden announced a student loan forgiveness program. In 2023 federal education spending was 0.1 percent GDP.

See also Education Spending History.

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Federal Education Spending by Level Since 1900

Federal Education spending to about 1 percent GDP in 1960 but has generally declined in the years since. Except for COVID

Education Spending since 1900 by Level

Chart S.83f: Education Spending since 1900 by Level

There was almost no federal spending on education until the 1930s, when the Feds spent about 0.3 percent of GDP on education. After World War II the feds spent up to 1 percent GDP in the late 1940s on the GI Bill, and then about 0.3 percent GDP through the 1950s.

In the late 1960s federal spending on education sharply increased to almost one percent GDP. This included Head Start (under pre-primary education) and student loans (under higher education). Under education spending not definable by level spending of about 0.5 percent GDP monies were spent on training, social services, and research.

By 1990 Head Start type programs were 0.17 percent GDP, student loans etc. were 0.19 percent GDP and miscellaneous spending was down to 0.32 percent GDP, with about half in social services. By the mid 2010s spending on pre-college was 0.2 percent GDP, colllege student loans were 0.2 percent GDP and other education spending was 0.23 percent GDP.

Then came COVID.

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Spending Data Sources

Spending data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of spending data sources here.
Medicare breakdown here; Medicaid breakdown here.

Federal spending data begins in 1792.

State and local spending data begins in 1820.

State and local spending data for individual states begins in 1957.

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Gross Federal Debt

Debt Now:  $34,616,994,016,250.88
Debt 2/2020:$23,409,959,150,243.63

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Data Sources for 2019_2029:

Sources for 2019:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

Sources for 2029:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

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Federal Budget for FY25 Released

On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025

Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.

Federal Budget Changes for 2024
$ billionEstimate for 2024
in FY2024 Budget
Estimate for 2024
in FY2025 Budget
Change
Federal Outlays$6,371.8$6,940.9 +$569.1
Federal Receipts$4,802.5$5,081.6+$279.1
Federal Deficit$1,569.4$1,859.4+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.

Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024. 

Agency Debt Update for 2023
On March 11, 2024, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2023. You can see our Agency Debt pag ...

US GDP for 2023 Updated
On January 19, 2024 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis, ...

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