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I'm curious how you got the estimate of $100,000 cost to society to educate a graduate? Are you including undergrad or just grad programs? If we include underg
by spencerchubb 4y ago
I'm curious how you got the estimate of $100,000 cost to society to educate a graduate?
Are you including undergrad or just grad programs? If we include undergrad and do ballpark math: government pays 40 billion in grants per year, there are 20 million students, so that's 2 thousand per student cost to society
Whereas I'm paying upwards of 30k. The cost is on me, not on society. Although I'm just an anecdote so I'm curious to hear from others
- nonrandomstring 4y agoI literally pulled that number out of my arse based on some vague recollection of such a figure. It may be conservative, or grossly exaggerated, but I think it's ballpark for the "cost of creating a graduate". The costs are complex because, for example, a student at college is not (except by paying my salary as a professor) participating in the economy for three years.