As the number of years of schooling completed increases,the expected private return and private cost of education

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As the number of years of schooling completed increases, the expected private return (such as higher salaries, better job opportunities) increases at a faster rate than private cost (such as tuition fees, textbooks, and opportunity costs of not working). This is because individuals who obtain higher education are likely to gain more skills and knowledge that will lead to higher-paying jobs, while the initial investment (private cost) required for obtaining an education tends to remain relatively stable.

As the Number of Years of Schooling Completed Increases,the Expected