b.funding for education in the U.S.:According to a 2005 report from the OECD,the United States is tied for first place with Switzerland when it comes to annual spending per student on its public schools, with each of those two countries spending more than $11,000(in U.S.currency).However,the United States is ranked 37th in the world in education spending as a percentage of gross domestic product. The federal government only contributes 6%of total public money on education.The rest is from state and local governments and private funds.Public education for elementary,middle school and high school is completely free.b. funding for education in the U.S.: According to a 2005 report from the OECD, the United States is tied for first place with Switzerland when it comes to annual spending per student on its public schools, with each of those two countries spending more than $11,000 (in U.S. currency). However, the United States is ranked 37th in the world in education spending as a percentage of gross domestic product. The federal government only contributes 6% of total public money on education. The rest is from state and local governments and private funds. Public education for elementary, middle school and high school is completely free