| Author(s): | Trostel, P |
| Title: | The fiscal impacts of college attainment |
| Source: | http://www.wiscape.wisc.edu/publications/attach... |
| Date: | 2007 |
| Organization: | WISCAPE |
| Short Description: | This study quantifies the fiscal benefits associated with greater college attainment, one important part of the economic return to public investment in college education.
College graduates generally pay much more in taxes than those not going to college, and government expenditures are also generally much less for college graduates than for
those without a college education. |
| Annotation: | This study quantifies the fiscal benefits associated with greater college attainment, one important part of the economic return to public investment in college education.
College graduates generally pay much more in taxes than those not going to college, and government expenditures are also generally much less for college graduates than for
those without a college education. Indeed, over an average lifetime, total government spending per college degree is negative. That is, direct savings in post-college
government expenditures are greater than government expenditures on higher education. Plus, the direct extra tax revenues from college graduates alone are more than six times the gross government cost per college degree. Thus, in addition to the many other benefits from higher education, public financial support of college education pays for itself many times over. |
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