Education:
A Necessary Hassle?
By Candace L. Hurdle
The opportunity costs of pursuing an education can prove to be more
costly than necessary; which may cause it to be discouraging and as a
result less beneficial.
Doe
s It
Rea
lly
Mat
ter?
Unless you are going to be an engineer, architect, teacher, lawyer, the label on your degree does not matter. The degree is a check-mark (as opposed to the focus) in most job requirements.”
I’ve been thinking lately about the value of a college education. I earned a B.A. in Psychology from Willamette University in 1991 (with a minor in English Lit, and almost another minor in Speech Com). What have I done with this degree? Almost nothing.”
I Can
Stil
l Suc
ceed
…
Righ
t?
They do not have
a degree
Oppo
rtuni
ty
Cost
s Connie plans to attend a state college and study to become an elementary teacher. Listed below are the costs of
her choice.
Year *Direct Costs of College*:
Opportunity Costs (Lost Wages)
Year One $ 8,000 $16,000 Year Two $ 8,500 $16,500 Year Three $ 9,000 $17,000 Year Four $ 9,500 $17,500 Total $35,000 $67,000
Total: $102, 000
AN ECONOMIC MYSTERY "When it takes, at
least, an additional seven years of
schooling, and over one hundred thousand
dollars in costs and lost earnings, why
would a person want to graduate from
college….?"
Stud
ent L
oans
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