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British Report Indicates that Higher Education Has Economic and Social Benefits

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A British report on Higher Education entitled the “Quadrants” helps bring forward the idea that higher education has many secondary benefits beyond earning higher incomes. Education is often a process of learning about how to make money but it can also be seen as a process of personal enrichment. According to the November report from the UK Department for Business and Innovation Skills this enrichment makes its way into society in substantial ways.  Direct benefits of education often include characteristics, social interaction, and accreditation and signaling benefits. The person develops to a higher level through advanced education. They are more able to deal with others as well as stronger in their marketability. Likewise, their personal characteristics become enhanced.  An increase in the educational attainment in society has a marked wider benefit for society itself. Crime statistics, health, happiness, and just about everything else improves. Societal conflict decrea

Sallie Mae's Report Indicates Parents Adjusting to Educational Costs

A Sallie Mae Report entitled How America Pays for College 2013 brings to light some important changes occurring in the financing of education. Parents and students are finding new strategies to adjust to increases in cost which include opting out of dorms, applying for grants, working more hours, and cutting back on things that are not necessary. Despite the growing cost of education students and parents still believe in the power of education and the ability to afford a better life.  Even though a general trend of college costs has been increasing, over the last few years it has leveled out to $21,178 which is down from 2010. Yet parents and students are being more frugal and this could have some influence on the plateau and how long that plateau lasts. Wealthier families are spending a little more than middle class families while lower class families are pulling back on their expenses while attending school.  How Students Are Paying for College: Student Borrowing 18%