cover image: A little knowledge is a dangerous thing

Premium

20.500.12592/44xs3w

A little knowledge is a dangerous thing

5 Jul 2005

The purpose of this paper is therefore twofold: to investigate the quality of the information available to Canadians and whether or not that information might affect rational decision-making in such a way as to be called a “barrier” to education in its own right. [...] Educational Policy Institute 5 The Canadian Context In Canadian discussions on access to education, the barrier to education At least that receives the most emphasis is the cost of education. [...] This leads us to the second assumption required to sustain the cost-as-barrier thesis: that both the costs and the benefits of post-secondary education (PSE) are well-known and Educational Policy Institute 6 well-understood, so that families and individuals make decisions based on There is no fact. [...] Leslie and Brinkman (1988) made estimates regarding the negative effects of tuition on enrol- ment and estimated the effects of a $100 increase in tuition (net of changes in student assistance) as leading to diminutions of enrolments on the order of 0.7%. [...] Rational Cost-Benefit Analysis of Post-Secondary Education in Canada Looking at the difference between Census-reported average earnings of university and high school graduates ($27,191 per year) versus the average cost of tuition ($3,749 per year), it is clear that in purely financial terms, the cost of a university education is indeed a good long-term investment.
higher education education economics economy school finance curriculum cost-benefit analysis business college costs students universities and colleges university examination college cost–benefit analysis rate of return further education postsecondary education education, higher margin of error tuition payments educational policy institute

Authors

Usher, Alexander

Pages
25
Published in
Canada

Related Topics

All