Examines the returns to subbaccalaureate credentials and coursework, using the postsecondary transcripts of the National Longitudinal Study of the Class of 1972. Results indicate substantial variety in the returns and suggest clear differences between the subbaccalaureate labor market and that for individuals with baccalaureate degrees. (56…

What is known about proprietary schools and their effects on wages and earnings is summarized, with particular attention to aid to proprietary school students and student characteristics. Overall, findings provide little support for proprietary schools. One implication is that assumptions necessary for student loans are not met. (SLD)