The Value of Education: A Comprehensive Look at the Benefits Associated with Higher Education

Abstract

The value of a college education is often measured by the economic costs or benefits to the individual pursuing the education. However, this narrow focus overlooks the many private and public benefits that are associated with higher levels of education. From lower incarceration and obesity rates to higher levels of civic engagement and volunteerism, education is associated with a broad array of benefits to both individuals and society. With state and federal budgets battered in the wake of the recent recession and with many publicly questioning whether the high price of postsecondary education is worth the cost, this report presents some of the comprehensive benefits related to higher levels of education and highlights the importance of education in an increasingly global economy.