| Index | Elwood | Indiana | National |
| Average Test Scores | 27% | 46% | 48% |
| Student/Teacher ratio | 15:1 | 22:1 | 16:1 |
| Total public schools | 6 | 1,755 | 79,221 |
| Total private schools | n/a | 675 | 24,874 |
| Total post-secondary schools | n/a | 141 | 7,963 |
| Index | Elwood | Indiana | National |
| Completed 8th grade | 74.3% | 84.6% | 84.3% |
| Completed high school | 73.2% | 82.9% | 83.0% |
| Completed some college | 35.8% | 53.8% | 59.4% |
| Completed associate degree | 17.9% | 33.0% | 38.5% |
| Completed bachelors | 10.3% | 24.6% | 30.3% |
| Completed masters | 2.7% | 8.9% | 11.5% |
| Completed professional degree | 0.7% | 2.4% | 3.3% |
| Completed doctorate | 0.2% | 1.0% | 1.3% |
There are a total of 6 public schools, n/a private schools and n/a post-secondary schools in Elwood. Using the proficiency score averages, the average test scores for Elwood, IN schools is 27%. The average student to teacher ratio is 15:1. In Elwood, IN, an average of 74.3% of students have completed 8th grade and an average of 73.2% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Lapel, IN | 2,379 | 52% | 7.6% |
| Arcadia, IN | 1,530 | 51% | 6.6% |
| Greentown, IN | 2,028 | 50% | 4.9% |
| Tipton, IN | 4,974 | 50% | 3.5% |
| Summitville, IN | 983 | 47% | 2.1% |
| Elwood, IN | 8,435 | 27% | 43.8% |
| City | Population | Avg. Test Scores | National Avg. |
| Carbondale, PA | 8,438 | 43% | 10.9% |
| Mason, MI | 8,441 | 54% | 12.5% |
| Fairless Hills, PA | 8,427 | 62% | 29.9% |
| Tuskegee, AL | 8,443 | 24% | 50.5% |
| North Haledon, NJ | 8,425 | 59% | 22.4% |
| Elwood, IN | 8,435 | 27% | 43.8% |
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