<p>abstract:</p><p> In this study, we provide updated estimates of the private and social financial return on enrolling in a masterâs degree program in the United States. In addition to returns for all fields of study, we show estimated returns to enrolling in masterâs degree programs in business and education, specifically. We also conduct a sensitivity analysis to show how our findings are affected by several key assumptions in the model such as the assumed growth rates of earnings, the direct and indirect costs faced by students, and the age at which a person enrolls in a masterâs program. Our findings indicate that, on average, students who enroll in masterâs degree programs receive positive and substantial financial returns, with variation by age, probability of completion, and financing characteristics. </p>
Journal of Education Finance – University of Illinois Press
Published: Nov 29, 2017
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