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The average salary for a teacher in the US is $47,000 a year. One thing that money doesn't account for is the time a teacher spends putting their lesson plans together. On the webpage 'Teacherspayteachers.com' is an open market place, teachers can sell their original course materials for instant downloads.

According to Stossel there is a financial corruption going on in American schools. He claims that there is a myth that the education system needs more money. US spend more on schooling than the vast majority of countries that obtain better results in the international tests. But the bureaucrats still blame school failure on lack of funds, and demand more money.

An auditor has been charged for having changed business records in an effort to help conceal the theft of more than $11 million. The district superintendent is accused of stealing more than $2 million; the assistant superintendent for $4 million and a former school accounting clerk for $780,000. Money shall have been used on artwork, jewellery, foreign trips and home mortgages. The scandal that has resulted in a state-wide changes in the way school finances are audited.

Oregon lawmakers have passed a bill requiring those seeking employment in the state to add a disclaimer on their résumé to any qualifications not issued by an institution of higher education accredited by a state recognized accrediting agency. This is part of an on-going struggle by state legislators against institutions of education where academic standards are insufficient or non-existent. The Office of Degree Authorization lists on its Web site more than 300 institutions which is not recognized.

Compton community college lost its accreditation from the Western Association of Schools and Colleges in June. The regional accrediting body cited poor governance, lack of education plans, lack of student support services, and an inadequate administrative staff as reasons for revoking the schools accreditation. The school is now being taken over by the state, despite California's highly decentralized system.

A well-known obesity researcher will plead guilty to making material false statements in a 1999 grant application worth $542,000 from the US National Institutes of Health. The researcher, who held various research positions at the University of Vermont (UVM) College of Medicine in Burlington could go to jail for up to 5 years.

The Department of Education has launched a website which features a list of 6,900 academic institutions accredited by an accrediting agency or state approval agency. The website is designed to help employers distinguish between accredited institutions of higher education and unaccredited institutions commonly as "diploma mills" that offer bogus degrees.