This paper presents the results of an investigation into the relative costs of part‐time and full‐time education at Colleges of Advanced Education. Estimates of the relative net private, social, and institutional costs indicate that the private and social costs of part‐time education may be significantly below those of full‐time study, but that the institutional costs may be higher. However, differential rates of attrition may influence the estimates made, as would the value placed upon the leisure foregone by part‐time students.
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