Education: Expensive Bargain

As more and more parents, students and state legislators are discovering, the cost of a college education is rising to painful heights. But what are some of the alternatives? According to Alan Pifer, president of the Carnegie Corp. of New York, who undeniably has a professional interest in promoting higher education, it costs an average of $4,000 to keep a student in college for a year, but it would cost $7,500 to keep that same youth in military service, $7,800 in VISTA and $10,000 in the Peace Corps. Spending public money on colleges, Pifer concludes rosily in the Carnegie annual report,...

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