D.warn our descendants about the extinction of species
Passage Two
There are few more sobering online activities than entering data into college-tuition calculators and gasping as the Web spits back a six-figure sum. But economists say families about to go into debt to fund four years of partying, as well as studying, can console themselves with the knowledge that college is an investment that, unlike many bank stocks, should yield huge dividends.
A 2008 study by two Harvard economists notes that the labor-market premium to skillor the amount college graduates earned thats greater than what high-school graduate earneddecreased for much of the 20th century, but has come back with a vengeance since the 1980s. In 2005, The typical full-time year-round U.S. worker with a four-year college degree earned $50,900, 62% more than the $31,500 earned by a worker with only a high-school diploma.
Theres no question that going to college is a smart economic choice. But a look at the strange variations in tuition reveals that the choice about which college to attend doesnt come down merely to dollars and cents. Does going to Columbia University yield a 40% greater return than attending the University of Colorado at Boulder as an out-of-state student ? Probably not. Does being an out-of-state student at the University of Colorado at Boulder yield twice the amount of income as being an in-state student there? Not likely.
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