Word: coste
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Dates: during 2000-2009
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Most Harvard students rationalize the exorbitant cost of their education by viewing it as a prudent investment. Armed with bachelors’ degrees branded with Harvard’s prestigious name, many expect careers lucrative enough to exceed the nearly $200,000 spent during their four years in Cambridge. In order to result in a net utility gain and therein to serve as a judicious investment, the benefits of student’s time spent under the Crimson must exceed the costs—both the direct financial cost of attending, pegged at $48,868 for next year...
...Numerous studies have arrived at the same conclusion: namely, that it pays to go to selective schools. Harvard economist Caroline Hoxby found that students at elite universities can expect to earn back the difference in cost between the tuition at their first-rank private institution and a third-rank public institution more than 30 times over the course of their careers. Ronald Ehrenberg, a Cornell University economist, also found compelling evidence of a significant economic return to attending a private university: a premium that the data suggests has increased over time...
...question of whether the $200,000 cost of a Harvard diploma is a prudent investment or a flagrant rip-off remains unresolved. Frustrated investment bankers need not despair—Harvard students enjoy significantly higher earnings than their peers—but the jury is still out on whether we can attribute these high earnings to our alma mater or simply to ourselves. Although Harvard’s educational program makes an ambiguous contribution to the future net worth of its students, a Harvard degree remains a strong predictor of high earnings later in life—yet it cannot...
...school students attended schools offering Advanced Placement courses, compared to 93 percent of public-high-school students in cities and 96 percent in suburbs. Rural public schools historically have also had fewer instructional computers with Internet access per capita and lower-paid teachers (even after adjusting for the lower cost of living in rural areas). On the other hand, expenditures per student have tended to be higher, and student-teacher ratios lower, in rural areas compared to cities and suburbs. Like elsewhere in the United States, rural public education is failing its students, but perhaps less...
...older member states already wary about migrant labor, the recession has aggravated concerns over low-cost competition for jobs at a time when work is scarce. It shows in public opinion: a Eurobarometer survey last December found that 59% of people in the 12 newer members thought the E.U. was strengthened by enlargement, compared to just 44% in the 15 older members...