1. Taxpayers benefit from the higher income taxes paid on the higher salaries earned by college graduates, ranging from $50,000 in additional taxes paid over the work life of a graduate from a less selective not-for-profit institution to almost $150,000 in additional income taxes paid over the work life of a graduate from the most selective not-for-profits.
2. Taxpayers subsidize the education that students receive in most colleges and universities. Each student earning a bachelor’s degree at a public college or university accounts for more than $60,000 in subsidies to the institutions. Among open admission and less selective schools, taxpayers – on average – paid almost $8,000 per student at not-for-profit institutions.
The subsidies increase dramatically among the most selective institutions, from almost $60,000 in not-for-profit institutions to nearly $110,000 in the most selective public institutions.
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1. Taxpayers benefit from the higher income taxes paid on the higher salaries earned by college graduates, ranging from $50,000 in additional taxes paid over the work life of a graduate from a less selective not-for-profit institution to almost $150,000 in additional income taxes paid over the work life of a graduate from the most selective not-for-profits.
2. Taxpayers subsidize the education that students receive in most colleges and universities. Each student earning a bachelor’s degree at a public college or university accounts for more than $60,000 in subsidies to the institutions.
Among open admission and less selective schools, taxpayers – on average – paid almost $8,000 per student at not-for-profit institutions.
The subsidies increase dramatically among the most selective institutions, from almost $60,000 in not-for-profit institutions to nearly $110,000 in the most selective public institutions.