Opportunity Costs In College

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.

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.

Ever since you were little, your parents have been talking about this wonderful thing called college. They told you that you have to go there to get an education before you can get a good job. Many kids have dreamed of going to college, and being able to get the job of their dreams. By putting in hard work and dedication to good grades in high school, you had high hopes that you would be able to get into an Ivy League school. The American dream of being able to go to college to get a degree is sliding away from many people due to rising costs. With increasing tuition prices and job loss, the college dream is slowly and surely slipping away from many students and their families.

The trend continues with the skyrocketing prices of college tuitions. This is not an uncommon issue the days of college tuition being affordable are slowly fading into the past. This conundrum has brought to light the idea of using tax money to help pay tuition. This idea has vast potential, but can it reach its potential.

Opportunity cost can go botho ways, the way of going to college and the way of not going to college. The opportunity cost for not going to college is for example , someone does not go back to school after high school, but works right away. The other example is that someone goes to college and works, but the big difference is that the person going to college stays educated, learns as they go, and moves on while having a job, as for the person just working stays at the same level and even might move down a level for the fact that they are letting time go by . The opportunity cost is a big positive for the person that is going to college and staying

“The writing in this essay is my own work. If I have used outside sources, I have acknowledged them through correct documentation.”

Bernie Sanders, senator of the state of Vermont said, “The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt” (“Brainy Quote”). Each year students take out loans to pay for a college education. Is it really necessary? They are just going to be a statistic. I believe everyone should not go to college. College is not for everyone.

The author talks about college cost, and the effect it has on students and on how times it takes longer to graduate. This is an important topic because college cost has been a problem for many individuals for decades and it still is. College cost is something that shapes people's lives and it worries them because college cost is what determines if they're going to continue going to college. It’s something that people should take lightly because college is pretty expensive. According to the advocacy group complete college America, it cost 63,718 for one extra year to attend college. For students who take longer to finish school because of certain requisites, it becomes a toll because of the cost. According to Norton Field Guide to writing by Richard Bullock and Maureen Daly Goggin found a report on Los Angeles-bases campaigns for college opportunity, saying students who attend school 6 years instead of 4 years will lose 110,900 dollars in their lifetime. Many people in the work field and colleges expect students to attend school for four years. According to the NFGW, “nearly nine out of 10 freshmen think they will earn their bachelor degree within the traditional four years.” Yet In the NFGW quotes the U.S Department of Education and they report that “about 45 percent won’t have finished.”

In times, nowadays college is one of the main ways to become successful in this world. The thing is college isn't for everyone. Some kids simply do not qualify because of grades but a major problem is tuition. On average tuition can range from 20,000 dollars to 40,000 dollars a year. Add this up for 4 years and you are looking at about 120,000 dollars for a 4-year degree. This price is what can take away an opportunity to go to college. In 2011-12, the NCAA reported $871.6 million in revenue. That could fully cover about 7,263 students, so imagine if this price was split each year for students, this would help lower the cost of tuition. Student athletes already get a full scholarship and most of the money received yearly by the NCAA is from

One of the biggest questions a high-school student will be asked is about their future career. What most students pursing a college degree fail to realize is the opportunity cost they might have to sacrifice. It all comes down to the individual because unless the person is a professional basketball player, then college might not be worth the opportunity cost for that said individual. Unfortunately, not everyone is a professional athlete so their opportunity cost for college might not be so easy to determine. Also the student must take into consideration what degree they want to pursue and see how the job market is like. For instance, an art degree may not be the best choice to go with in today’s economy. The CNBC article that brought an interest to this topic is “What’s the

Some people believe that the cost of college is too high, but other people believe that it is not high enough. If you are trying to go to college and don’t have a scholarship, where else can you get the money from? If you don’t have a job you won’t be able to pay for college. They should make it where if you want to go to college you can, for a price that everyone can afford. Basically, most people in college are there on scholarships, academic or athletic. I believe that the cost of college is way too high and it is unfair to the people that can’t afford it. Just because you don’t have enough money that should not stop you from trying to get a greater level of education. The cost of college is too high because of the cost

The topic of paying for college has been a widely debated issue for students. Some people believe college is too expensive for teens who have just began to wander around the adult world, while others feel college would be taken for granted if the student doesn’t make an effort for their education. Higher education may include longer years of studying, loans and debt. This is what makes society feel that college should be free. However, it must be acknowledged that free college really isn’t free and misunderstanding this concept would be an economic mistake. Although it’s understood that college comes with a great price, eliminating the cost for higher education would increase taxes, diminish the value of a degree and may cause students to not

“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

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.

This is called Opportunity cost. An opportunity cost is the cost of something you give up to get it something else. There is an “opportunity cost for every trade-off” that you do in life. I have a couple different opportunity cost that I have been through but one of my most important and current opportunity cost is being a full time student at Prairie View A&M University instead of working a full time job to make money and be able to pay all of my bills. At this point I am working, however it is not a full time job therefore, I am not receiving the same amount of money that I would be receiving if I was able to work at a full time job in the customer service field that I am qualified for. Being a full time student is a job in its self and I have to put it first over going to work to make money that will help pay my bills as this will benefit me in the long run. After I complete college and obtain a degree in accounting, I will be able work in a large firm working in a higher level of customer service rather than if I were to jump straight into my field and not have the credentials. I am happy that I’m able to make this opportunity work out to where I can still work and attend school even though it is hard and I am not receiving my desired pay rate. Overall, being education and acquiring knowledge of many different subjects will make up for the cost that I am paying now by being in school and not working a full time job. Also, there is always the summer when I am not a full time student and I am able to work full time. Before knowing what an opportunity cost was, I did not understand that I was always paying a cost to do anything that I did even tasks as simple as sleeping. Prime example, I could be doing homework instead of going to sleep before it was done; this is just something that happened last night, and often as a college student. I should have been