Quigley, Michael with Brian Dangerfield, "The Economics of Education: is it Profitable to be Ignorant?", 2009 July 26-2009 July 30
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In the UK, formal tertiary education comes at monetary cost to those who choose to participate. Currently 43% of young people enter universities in the belief that they will recoup the initial expense in higher salaries, later in life. Whilst this is a historically true model for the majority of graduates, many analysts believe that the Government's push for a 50% participation rate, coupled with rising costs to attend university, could affect the profitability of higher education and lead to a situation where ignorance is not only bliss but also an economically sound decision.