Do The Benefits Of College Still Outweigh The Costs

In “Do the Benefits of College Still Outweigh the Costs?” economists Jaison R. Abel and Richard Deitz dive deeper into the quest as to whether or not college is worth it. The authors use graphical charts to display the statistics of data based research and measure the costs associated with obtaining a college education by looking at two major components. The first are direct costs, such as tuition. The second are opportunity costs, the amount of money that could have been earned by working instead of going to college. This article notes that a key consideration in assessing the costs “lies in the declining fortunes of those without a college degree”. After putting the full set of costs and benefits into account, readers are informed that a