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Are college costs worth it? How ability, major, and debt affect the returns to schooling

Douglas Webber

Economics of Education Review, 2016, vol. 53, issue C, 296-310

Abstract: This paper examines the financial value over the course of a lifetime of pursuing a college degree under a variety of different settings (e.g. major, student loan debt, individual ability). I account for ability/selection bias and the probability that entering freshmen will not eventually graduate.

Keywords: Student loans; Returns to education; College major (search for similar items in EconPapers)
JEL-codes: I23 I22 I26 (search for similar items in EconPapers)
Date: 2016
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