The Park Place Economist


Long before the time their children enter the doors on their first day of kindergarten, most parents are already dreaming of and perhaps fearing the time thirteen years down the road when they will be sending their young scholars off to college. Many of these hopeful parents assume that a chance for higher education will allow their child the opportunity to have a prosperous and secure future. And, numerous studies have shown that the prayers of lots of these parents will be answered, as college graduates consistently earn higher wages than their less educated counterparts (Belfield, 2000).