Many college graduates who earn less than their peers are employed in occupations that bring significant benefits to society, as well as high levels of personal satisfaction. It is not easy--nor is there agreement on how--to precisely define the social value of these occupations or to measure the magnitude and distribution of their benefits--but…

Students who attend institutions of higher education obtain a wide range of personal, financial, and other lifelong benefits; likewise, taxpayers and society as a whole derive a multitude of direct and indirect benefits when citizens have access to postsecondary education. Accordingly, uneven rates of participation in higher education across…