“It costs $58,600 a year to attend Yale, although there is generous financial aid for those in need. That’s $234,400 over the course of four years. An in-state student can go to the University of Connecticut for $22,622 a year, or $90,488 for the four years. That’s a savings of $143,912–which is more than the lifetime increase in earnings for males and only somewhat less than the gain for females. Wouldn’t students be better off putting the savings in an index fund?”
Notes
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