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In this classic study of higher education, Bowen discusses the value of higher education to the individual and society, arguing that the nonmonetary benefits far outweigh the monetary benefits.
Each passing year sees the steady rise of tuition costs for American higher education. Issues of student loans, direct lending to institutions, and federally subsidized grants are a staple of news reporting. As colleges and universities across America grapple with ever-tightening budgetary restriction...