“…32 Therefore, university fees represent a small proportion of annual expenditure for going to university, whereas the major cost for those who study away from home is that of accommodation. 33 In addition to the direct costs mentioned above, there is also the opportunity cost of not working, which can be par- 31 In our sample, those who are graduated earn, on average, around 35,000 euros per year if they come from the top quartile of the fathers'earnings distribution, and around 20,000 euros if they come from the lowest quartile. 32 Istat (2005) conducted a survey of family expenditures on the education for their children.…”