Presentation Title

The Effects of Tuition Costs on Wages of Undergraduates in New England

Presentation Type

Oral Presentation

School

School of Arts and Humanities

Discipline

Economics

Mentor

An Li

Abstract

Rising tuition costs have caused students to question the necessity of higher education, and to choose institutions very carefully. The purpose of this study is to look into New England public and private institutions, and to examine the returns to educational spending. The study uses data collected from the US Department of Education recording the median wage of students six, and ten years following graduation. Controlling for a variety of measures of school quality, and demographic composition, the study uses ordinary least squares regression (OLS) to estimate the relationship between college costs and future wages. This research will determine whether there is a statistically significant relationship between private schools’ price tags and higher wages after graduating compared to more affordable public institutions. On initial results, the largest variable contributing to median wage is the number of students attending the college.

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The Effects of Tuition Costs on Wages of Undergraduates in New England

Rising tuition costs have caused students to question the necessity of higher education, and to choose institutions very carefully. The purpose of this study is to look into New England public and private institutions, and to examine the returns to educational spending. The study uses data collected from the US Department of Education recording the median wage of students six, and ten years following graduation. Controlling for a variety of measures of school quality, and demographic composition, the study uses ordinary least squares regression (OLS) to estimate the relationship between college costs and future wages. This research will determine whether there is a statistically significant relationship between private schools’ price tags and higher wages after graduating compared to more affordable public institutions. On initial results, the largest variable contributing to median wage is the number of students attending the college.