The opportunity cost of going to college for a student receiving a scholarship

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Even if the student is receiving a scholarship, there is still an opportunity cost to attending college. This cost is the income that she would have earned if she did not attend college and instead worked during that time. While the scholarship covers the cost of tuition, there are still other expenses such as room and board, textbooks, and other supplies. Additionally, there is the cost of not being able to work during this time to earn income.

The Opportunity Cost of Going to College for a Student