Is College A Good Choice For You?
A discussion of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies.
Understanding even basic economic principles can be tricky, and understanding opportunity cost is no different. Most of the explanations found online aren’t that helpful because they are often overly complicated. And if you’re like most people, you need a clear understanding of your options and how they stack up against each other – and you don’t have a ton of time to spend grappling with what should be a relatively simple concept.
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Over the years, college has evolved from a choice made by some to an expectation for nearly everyone. At high school graduations, schools will even read off information about the colleges that students are planning to attend. Going to college has become the societal norm, to the point where it is almost strange, unwise, and often even unacceptable to decide against higher education.
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It stand to reason that if one noble man thinks $90,000 is a justifiable sacrifice to bolster the minimum wages of his employees then something is amiss.
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Should the American dream now be called the American college debt nightmare? Some 40 million Americans will be in debt as that is the cost of education these days. The economic facts are indisputable:
The college degree choices all have a fixed price. Whether you are male or female you will pay the same amount to attend college. This question is not about the upfront cost of college rather the hidden cost once both sexes have started work as graduates. The gender pay gap is still going strong and the big question is: Why?
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