Read the piece in its entirety on The Huffington Post.
BY: DR. ROD BERGER, Columnist and President and CEO of MindRocket Media Group.
I sat down with Nicole Neal, CEO of Noodle Markets, to discuss the state of the U.S. education system from a financial point of view. The good news according to Neal – we are investing heavily in education in this country, about 700 billion worth. The bad news – we aren’t performing well in comparison to other countries. Comparing 15-year-olds throughout the world, the U.S. ranks only 25th in science and 35th in reading, even after concentrating on Common Core improvement.
The answer is not more money, but rather how money in education is being spent. By broadening the conversations around purchasing transparency and obtaining the appropriate vendor data and district information, Neal believes waste can be avoided. The end result – future dollars going to thought out and applicable educational tools that truly improve a level of mastery for students.
Interview with Nicole Neal – Noodle Markets
Rod Berger: Well, Nicole, I’m looking forward to this conversation. We were talking off-air about the current state of the U.S. education system from a financial perspective. I think that Noodle Markets is really interesting – what you’re doing by providing opportunities for schools, districts and just people interested in understanding the business side of education. Where a potential opportunity may lie in doing business that will then help students and teachers.
Let’s use that as a backdrop. What are your thoughts on where we are and how does your work help you understand this information at a more complex level than the average person?
Nicole Neal: Sure. If I think about where we currently are, there’s good news. The good news is that as a country, we invest heavily in education. I think the numbers – and you probably have these numbers better than I do – but, let’s just say in the order of about $700 billion was spent from 2014 to 2015 on education. From a spending standpoint, we can say that as a country, we take education seriously.
I find it discouraging when I look at how we perform against other countries and begin to analyze the information. If we look at the latest piece that came out in December 2016, I think we’re 25th in science across 15-year-olds, and I think we’re 35th in our reading. We decreased although there was a lot of activity around Common Core and how we were hoping to move the needle for students.
The thing that’s disheartening is that we are investing in education, but we’re not getting better. The question becomes “Why?”