A.--foregone income and tuition--to the prospect of a bigger salary.

FORBES: The Rankings

International business schools tend to be much less expensive and most require approximately 1 year of study rather than the traditional 2 years required by US MBA programs, decreasing foregone income and thus opportunity cost significantly.

FORBES: The Rise of the International MBA

So the income the fund would be entitled to from securities lending is foregone in exchange for a lower custody fee expense.

FORBES: New SEC Action: More Brokerage Disclosure to Confuse Mutual Fund Investors (April 1, 1996)