Opportunity Cost Of Education Analysis

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

If you were to by chance walk into a normal, bland Economics 101 class, you are almost destined to overhear a professor speak about one of the most important cornerstones of basic microeconomics, opportunity cost. By definition, opportunity cost is what one forfeits in order to pursue something else. A big decision of life that exemplifies the exact definition of opportunity cost is when teenagers go to college. Instead of getting a job at a low level right out of high school, many of todays concerned teens are giving up their ability to immediately labor for income and instead go straight to college in hopes of obtaining a higher level occupation. The concerning question on the mind of unknowing newcomers to the real world is, however, if college is all that it’s built up to be. The fact is, if you look at attending college in the long run, the ability to conceal a high paying job by the time of graduating is very high, making the opportunity cost very worth it.

In the article, “The Value of a College Degree”, Rose argues that there are clear benefits of receiving a college education by highlighting employment, earnings, and learning gains. First of all, he cites that throughout their careers, those with a baccalaureate degree are shown to earn $1 million more than those who only have a high school diploma. He also argues that these degrees can be used as signals, in order to get noticed when finding employment, and the higher education allows the person to perform better and thus, get promoted. Furthermore, Rose cites an counter argument made by Arum and Roksa (2011) that many college students do not have significant learning gains, and rebuts by stating that the skills acquired in college vary and

Opportunity cost means giving up something of value or importance to you to achieve a particular goal or outcome. It is a chance that causes you to miss out on something you want, but an individual can benefit by gaining something for the opportunity they accepted.

Many young people see going to school as a chore and only go because they have to, some students skip school because it’s boring and “unnecessary”. Many individuals are raised with the belief that one needs a college education in order to succeed in life. There’s a saying by John Green that says “every year, many, many stupid people graduate from college and if they can do it, so can you,” but as technology is constantly advancing and computers running 24/7, is a college education really necessary? There are some people who have never been to college and are doing better than people who have achieved a master’s degree. These people (Bill Gates, Steve Jobs) portray unrealistic expectations in youth. Is the cost of college worth a degree? The possibilities are endless because there are views from both sides that contain a valid argument.

I believe the answer to the question “Is College Worth the Cost?” depends on how well students plan for their educational career. As an example, if I go to the college to become a dental assistant but don't find any jobs due to low demand for dental assistant then college does not worth the cost. In contrast if I plan well and do some research to find high employer demand fields then after I graduate from college I can find a job based on the college degree.

College is worth the cost. Although now a days it is tough to get hired; it is wise for students to take the opportunity which not only builds up an adult’s character but also offers the chance to work in a setting you will appreciate being a part of and achieve in having a stable future.

In the recent past, the cost of post-secondary school education has rapidly risen in America. An adjustment of the financial aid that comes from both state and federal governments indicates that the cost of university or college education has surpassed that of health care and even inflation (Casselman, 2012). Some of the facets that have led to the increasing costs are state and federal revenue shortfalls and wrong use of cost offsetting. A recent article published in the Wall Street Journal indicates that students across America are plunging into more debt due to loans taken to pay their college education. Considering that America has experienced severe shortages of employees in the science related courses, rising costs of higher education continue to create more concern. The issue of cost has also featured in the current American primaries with presidential hopefuls like Hillary Clinton discussing the possibility of cheap or even a free college education. On the same note of costs, the following paper is a review of an article by Baum, Kurose and McPherson, ‘An overview of American higher education’, published in the journal of the future of children.

A big question going through the minds’ of high school juniors and seniors is whether or not the cost of rising tuition, living fees, and books is truly worth the degree. The following articles discuss this topic and give specific details, statistics, and real world examples about the cost of college. Many colleges have recently raised their cost of tuition, discouraging many from considering going beyond a high school diploma. But what most people do not realize is the expenses that come with tuition. There are many fees for different classes, depending on what class and major is being pursued, the cost of books, and living expenses such as rent, utilities, transportation and meal cost. All of the

The drastic and exponential rise in college tuition and fees has thousands of Americans questioning if the education is worth the high costs. Knowing that a college education may open doors and allow for career opportunities that would not be there without a college degree, many feel pressured to attend. High school seniors specifically feel this pressure as the topic of whether or not they want to attend college and where comes into question. Not only do students have to be concerned about if the college they wish to attend has particular degrees, but also the cost of the secondary education. As a senior in high school I personally understand the frustration in considering the cost of college when choosing the right college to attend. Student

“I’m not going to college” my friend told me over the phone one day during a conversation we were having. I was somewhat surprised, but his decision did not catch me completely off guard. We had discussed the topic before and he mentioned his consideration to not attend college after he graduated from high school. He believed that even though he would probably enjoy going to college and learning new information, college was not the best option for him. He is smart; however, he was already working various jobs and projects while in high school, sometimes missing school to complete his responsibilities. He was making much more money during high school than most students his age. He applied and was accepted at various

Why should college not be worth it for you? Like every year 1000s or more student try to attend colleges. They want to achieve their goals by joining the first choice colleges. I want to go to my first choice college, Sam Houston State University. Every year student struggles to get scholarships, loans just to attend colleges. Which present that the college I something that is worth of your time and create some real life experience for students.

As we grow up, everyone asks us what we want to be when we grow up. Once we get a little older, they ask where we want to go to college. They ask every question imaginable, except how we are going handle the financial responsibility. The decision to attend college quite often results in major student debt. This debt often influences a person’s decisions on where to attend college or if they are able to attend college.

Increase of college tuition in the U.S. has strong controversy and is considered the highest fee collectors among all nations. "Freezing tuition: It's not such a hot idea." Except for its military academies, the U.S. federal government does not directly support higher education. Loans and grants are offered dating back to the Morrill Act during the U.S. Civil War and the "G.I. Bill" programs implemented after World War II. In 2012-13, the average cost of annual tuition in the United States ranged from $3,131 for public two-year institutions (community colleges) to $29,056 for private four-year institutions. "College Costs: FAQs". The College Board.

In the pursuit of a balanced budget, the B.C. government is asking universities and colleges to tighten their belts.