Atanu Dey writes:
People do gain net benefits from investing in education, and so does society at large. In our case, we who are fortunate enough to be surfing the web and reading blogs, we have the money to invest in education or we have been privileged enough to get subsidized education, and are reaping the benefits of that education. But unlike us, the poor are credit constrained. They too would privately benefit from investing in education, and society too will benefit from having them being educated, but as it happens, the poor cannot afford to make that investment.
The way forward is straightforward: give loans to people so that they will invest in education.