Are college costs worth it?: how ability, major, and debt affect the returns to schooling
This paper examines the financial value over the course of a lifetime of pursuing a college degree under a variety of different settings (e.g. major, student loan debt, individual ability). [The author] account[s] for ability/selection bias and the probability that entering freshmen will not eventually graduate.
[The author] find[s] the financial proposition of attending college is a sound investment for most individuals and cost scenarios, although some scenarios do not pay off until late in life, or ever. [The author] estimate[s] the present discounted value of attending college for the media ... Show more
Authors: Webber, Douglas A.
Published: Oxford, England, Elsevier, 2016
Resource type: Article
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