The Costs of Further Education

The Costs of Further Education: A British Analysis offers a critique of the organization of further education in Britain, especially education provided in technical colleges. Emphasis is placed on how the resources allocated to education should be divided among various alternatives. This volume consists of nine chapters organized into three sections. After an overview of further education in Britain, the reader is introduced to the financial costs of providing education courses. The use of information on average costs to estimate marginal financial costs is discussed, along with the imputed costs of student time and the factors that affect the distribution of total cost between various groups. The chapters that follow focus on benefits and their relationship to costs for various courses, along with the principle for project selection. The method of obtaining the cross-section age-earning profiles is described. The concluding chapter includes a summary statement of the present situation and a suggestion for reform. This book is a valuable resource for educators, administrators, and policy planners involved or are interested in British further education.