Brief Excerpt from Industry Overview Chapter:
Institutions in this industry provide instruction and training to students enrolled in elementary through high schools, colleges and universities, and training centers that offer industrial, professional, and vocational programs. Institutions include public, private, and nonprofit as well as for-profit businesses.
Funding-related challenges have a major bearing on competition at every level of the education sector. Public K-12 school districts are vulnerable to state budget cuts, declines in local property tax revenue, and increasing federal support for alternatives to traditional public schools. Sharp declines in enrollment, caused in part by rising tuition costs, are stifling revenue growth at many colleges and universities. Career and technical education providers are benefiting from growing community investment in vocational training, but tighter government regulation of for-profit trade schools has forced several institutions to close in recent years.
PRODUCTS, OPERATIONS & TECHNOLOGY
In the US, about 90% of kindergarten through 12th grade (K-12) students attend public schools; 10% are enrolled in private schools. At the postsecondary level, about 60% of students are enrolled in public colleges and universities, while about 30% attend private nonprofit schools and roughly 10% go to private for-profit institutions.
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