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You're absolutely right. Kasi naman ay $170 lang ang average na investment ng gobierno natin sa bawat estudyanteng Pinoy. See below list for comparison (Source: The Peter Wallace Report, Does the Philippines Have a Chance?):

COUNTRY US$/STUDENT
Singapore 5,070
Hong Kong 4,180
South Korea 1,630
Malaysia 930
Thailand 550
Philippines 170
China 150
India 100
Pakistan 90
Indonesia 70
Vietnam 40

Here is an excerp from Mr. Peter Wallace:

"It’s not just a question of money, it is also a question of money wisely spent. During the past 2
decades or so, there has been a shift in the education budget favoring tertiary or college education – at the expense of basic (elementary and high school) education. Yet it is the government support for basic education that provides the most significant impact on poverty alleviation, and is where government should focus its limited funds. On top of that as the World Bank said: “DECS is widely believed to be one of the most corrupt of the government departments.” The textbook scandal in early 2000 could be just one of the manifestations. So addressing corruption is a must. People who steal a child’s future should be locked up, and the key thrown away."

(Sources of basic data: UNESCO; World Bank, World Development Report 2000/2001; ADB Key Indicators 2001)

Ang sad result: Wala ang Pilipinas sa global ranking, samantalang ang Asian neighbors natin na tulad ng Japan, Taiwan, Singapore, China at India are competing neck-to-neck with the likes of Harvard (US) and Oxford (UK) Univerities. To view the actual ranking of the "Best Universities in the World", go to:

http://www.tu-berlin.de/eng/service/ranking.htm

Select the "Ranking by CEST (Switzerland)" menu. As you can see, there are 575 schools in the list so it's impractical to "paste" it here.

Ginang Pangulo, you gotta do something about this dismal situation....and QUICKLY!