To compare the costs of a college education a wise student, when choosing between an expensive school with a high expected income and a less expensive school with a lower expected income would use the concept of

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The wise student would use the concept of present value to compare the costs of a college education when choosing between an expensive school with a high expected income and a less expensive school with a lower expected income. Present value takes into account the time value of money and allows the student to compare the total cost of each option over the duration of the loan period. This helps the student to make an informed decision based on the long-term financial impact of their choice.

To Compare the Costs of a College Education a Wise