Student Loans

So is college worth it?

When you consider that you will be in the making about $19,000 a year more than high school diplomas, I firmly believe that you should get a college degree.  That $19,000 a year easily pays for that degree that you are seeking.

Let’s do some quick math:

$800,000  Additional money made

-148,454    Private Tuition Cost

=651,546    Net Gain of a student who attends a private school over one with a high school diploma

$800,000  Additional money made

-62,421       Cost of a public degree

=737,579    Net gain of a student who attends a public university

$800,000  Additional money made

-24,000      Amount I will pay for school

=776,000  Net gain I will have in choosing Columbus State and Franklin University over sticking with a high school diploma.

Of course, I must say that all three scenarios are just estimates.  Once you throw in scholarships and grants, you may be in a much better standing.

So discuss.

College graduates: Do you believe you made the right decision in pursuing your degree?

High School Grads:  Do you wish that you went to college and received a Bachelor degree?

Undergrads:  Do you believe that you will make $800,000 more than those with just a high school diploma?

High School Students:  What will you be doing?  Are you heading right into the workforce and losing $800,000 over your life, or will you be heading to college to get a degree?

Contest Update:

I am proud to announce my participation in the Money Crashers 2010 New Year  Giveaway Bash.  I am proud to sponsor this contest and as a sponsor, I will be donating two gift sets.  Both gift sets are of Dave Ramsey’s Total Money Makeover and the Total Money Makeover Workbook.  Please visit the Money Crasher site and enter the contest.  It’s quick, free and easy.  Do it.  You won’t regret it.

@zachyounkin

College for 10k Feed

Disclosure:

By posting about the Money Crasher 2010 Giveaway Blast, I am receiving 30 entries into the contest.  Also, the links for Dave Ramsey’s books are affiliate links and will direct you to Amazon.  I receive a few cents on every dollar that you spend there at Amazon and that money goes toward college.  I appreciate it.

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About Zach Younkin

I'm currently enrolled at Western Governors University, pursuing my degree in Accounting. I'm hoping that this blog provides you with some encouragement to be what God has promised you. This blog collects dust, which is unfortunate. Keep your eyes open for some sporadic blog posts. I spend more time on Twitter, so go follow me there. @zachyounkin
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11 Responses to Student Loans

  1. Aaron Hecker says:

    Great post. I like the numbers (especially since I go to public school lol). Only thing about it is, the amount your college degree is worth depends on your major, along with a few other intangibles. But I think the general point of what you’re saying is clear: Get a college degree.

    And I couldn’t agree more 🙂

  2. zachyounkin says:

    @Aaron Hecker: I do think that is quite a valid point. A teacher makes about half what you will probably make upon graduation. Not sure if that is a good thing or not, but that is just how it is!

    I appreciate your comment and I hope to see you around the blog more often 🙂

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  8. Education is an extremely crucial part of every child’s life, yet I really do feel that public school provides boys and girls skills and also life training that the private or even homeschool merely cannot help them learn. Getting together with others their own age and stuff similar to that is vital to every single young teenager.

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