CHAPTER EIGHTEEN

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Paying the Professional Schools

THE BEST INVESTMENT AROUND, by far, is professional school. Whether it is engineering school or medical school, law school or library school, business school or architecture school, graduation from one of them increases a person’s lifetime earning power by a substantial multiple of the investment, that is, of the cost of his or her education.

Not all professional schools produce the same economic returns, of course. But even the ones with the lowest “yield” (probably schools of education, social work, and library science) endow their graduates with the potential of earning well above the median ...

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