Decisions About How Much to Invest in Higher Education Relate

Decisions about how much to invest in higher education relate to whether one views education as a private or public good. Those who view it as a private good believe that ______.

A) most of the benefits of a college education are bestowed to an individual, and therefore the individual should bear most of the cost
B) there are societal benefits when residents obtain a college degree, and therefore the individual should bear more of the cost
C) most of the benefits of a college education accrue to an individual, and therefore the public should invest in higher education
D) there are societal benefits when residents obtain a college degree, and therefore the public should invest in higher education