Social direct cost of education
The direct social cost of education is mainly composed of the educational funds of the state and the government and the funds donated by the society. These expenses are incurred in order to ensure educational equity and improve the quality of education.
Direct cost of educating individuals
The direct cost of education mainly includes the educational expenses paid by students' families and students, such as tuition fees, miscellaneous fees, books and stationery fees, accommodation fees, transportation fees and living expenses. These expenses are paid by students and families for receiving education.
Indirect education cost
Indirect education cost refers to the expenses paid indirectly by society and individuals for education, and is sometimes called "opportunity cost" or "replacement cost". It consists of two parts: social indirect education cost and personal indirect education cost.
Indirect cost of education society
The indirect social cost of education includes the rent or interest of land, buildings and other equipment that schools may obtain through rent or interest, the tax on material equipment exempted for education, and the social tax that students may bring when they lose employment opportunities when they enter school.
Personal indirect education cost
The personal indirect cost of education refers to the cost of employment income that students give up because of receiving education, which usually occurs when students reach the legal working age. This is the price that students and families pay for education.