The opportunity cost of college is the same for all students who are receiving full-tuition scholarships.

Question

Quizplus · Accepted Answer

The opportunity cost of college varies for each individual student, even if they are receiving a full-tuition scholarship. This is because each student has different alternatives they are giving up in order to attend college, such as the potential income they could earn if they entered the workforce immediately instead of attending college. The opportunity cost is unique to each student's circumstances and cannot be generalized.

The Opportunity Cost of College Is the Same for All