U.S. Spends $1.1 Trillion on College and Job Training

Colleges spent $407 billion in 2013 on formal education programs, while employers spent $177 billion, according to a new report from the Georgetown University Center on Education and the Workforce. The report found that employers also spent $413 billion on informal, on-the-job training. That means the workforce side of the total $1.1 trillion in expenditures on training outpaced that of higher education. Read more...