Economy

Study: Subsidizing College Significantly Boosts Countries’ Revenues

CREDIT:

Yesterday the Organization for Economic Cooperation and Development (OECD) released a report on education trends in the world’s wealthiest countries, including the U.S. The extent to which college education is subsidized by taxpayers varies widely from country to country, but the report shows that it’s an investment that pays dividends. Subsidizing college education significantly boosts countries’ revenue because of the higher future tax receipts that are generated from a college graduate’s income and wealth. College graduates earn more and therefore give more back to their countries in taxes.