Tennessee at 47th
The short answer is: not necessarily. A recent analysis by the U.S. Census Bureau, coupled with graduation statistics compiled by Education Week, shows the amount of money a state spends on a student doesn’t necessarily correlate with how well that student performs. In other words, many generous states have woefully low graduation rates, while some stingier states graduate students en mass.
On average, states spent $10,499 per pupil during the 2008-09 school year, the most recent year for which figures were available. Leading the country was New York, which spent almost double that per student. Utah rounded up the bottom, shelling out just more than half that.