In this report, the benefits of college for both individuals and society are analyzed. The opportunity to increase one's economic status and personal independence, to pursue any career, is the foundation of the American dream. Education, ingenuity, and perseverance have always been important components of reaching this dream. Today, a college degree is an increasingly critical milestone on the road to personal success. The individual gains of education are more obvious, but society also benefits from the skills and knowledge of college graduates. Study findings reveal that in other words, individuals benefit both from attaining a college degree and from living in a community composed primarily of college graduates. The reality of these dual benefits is the reason why taxpayer dollars are spent to help capable but economically disadvantaged students attain college degrees.
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Investing in America's Future: Why Student Aid Pays Off for Society and Individuals
Published: April 2004