ERIC Number: ED177963
Record Type: RIE
Publication Date: 1978-Apr
Reference Count: 0
Is College Worth the Cost?
Bowen, Howard R.
Whether college is worth what it costs is reviewed in this summarization of the author's book, "Investment in Learning." A survey of the literature leads to the following four conclusions. (1) that the economic returns of higher education, in the form of higher earnings, improved technology, and a higher gross national product, alone offset the costs; (2) that the noneconomic returns, in the form of human development, the cultural advancement of society, and national security, are at least as valuable as the economic returns; (3) that the direct personal satisfactions are substantial; and (4) that the total returns exceed the costs by several times. The differences among institutions of higher education are suggested to be less in their educational impact than is commonly thought, when allowance is made for differences in the individual student's background about ability. A rationale for deciding on further expansion of higher education is presented in the concluding section. (Author/PHR)
Descriptors: Accountability, College Attendance, College Graduates, Cost Effectiveness, Economic Factors, Educational Assessment, Educational Benefits, Educational Economics, Higher Education, Student Development
The Council for Financial Aid to Education, 680 Fifth Avenue, New York, NY 10019
Publication Type: Information Analyses; Opinion Papers
Education Level: N/A
Sponsor: Ford Foundation, New York, NY.
Authoring Institution: Council for Financial Aid to Education, New York, NY.