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Example of economic costs regarding the education field

The economic costs of attending college to receive a bachelor’s degree would not comprise: (i) Potential wages earned through incoming work force right after high school. (ii) Potentially higher standards of living throughout the four years or therefore spent studying. (iii) Additional leisure time which could be spent partying in place of studying. (iv) Monetary outlays for books and tuition. (v) Additional lifetime income generated through a four-year degree.

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