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Each level of Educated will add +2 skill points when you gain a new experience level. This Perk works best when purchased early in your adventure.”— Fallout and Fallout 2 description
Each level of this perk grants +2 to skill point gain per level. Although the perk is theoretically attractive, the point of perks is gaining additional abilities or combat modifiers, not increasing skills. A high Intelligence already provides more than enough skill points, as do the various skill books present in the games.