top of page

College Education's Cost Benefit Analysis

College Education's life impact and Cost-Benefit Analysis

It is crucial to weigh the costs and benefits of investing in a college education because it is a future investment. In Stossel (2018) YouTube video, he goes over the many advantages of higher education and how working toward a degree can help to lessen or eliminate life's imbalances. It is important to think about the potential advantages of attending college in addition to the cost. A university degree can provide access to jobs that would not otherwise be available. Additionally, it might make it possible to obtain higher pay. In my review, I find that college education can narrow some of life imbalances by providing access to better job opportunities and potential to improve socioeconomic status, promote personal development and boost networking. Nonetheless, it is vital to understand that college education is a valuable opportunity but may not automatically bridge life imbalances. Therefore, I think that factors like field of study, available opportunities and dedication can influence the outcome.

According to Chambless (2019) cost-benefit analysis is important when evaluating the potential outcomes of investment decisions. There are several things to take into account when estimating the price of a college education. I did calculate the expenses related to attending college besides tuition, fees, and books, which are undoubtedly significant. These included living expenses, the cost of transportation, and the potential cost of not working. I also looked at the earning potential of graduated in my field of study and compared it to the average earning of graduates with a major in it. I also considered demand for graduates in my field of study which gave me insights on the potential for getting a job. Lastly, I considered the length of studies and how this could affect my earning potential and career prospects. According to Nayar (2018), the duration of the curriculum and the type of degree that will be obtained must also be taken into account. Valencia College was my first choice because it provided a high-quality education at a reasonable cost. I also ended up choosing a major that I thought would result in a successful career.

In conclusion, attending college is a wise investment in one's future. Before making a choice, it is crucial to carefully weigh the expense and potential advantages of a college education. My decision to attend Valencia College for my undergraduate studies was influenced by my interests, the cost-benefit analysis and a fair comparison.

The pace will be the same as if you were taking this class live.  To increase your chances of posting a good answer you must show that you FIRST read the book and watched the videos.  Your opinion on things will sometimes be asked, but no often stay netural   Your ability to apply economics to a question is all that matters.  I am interested in discussion rather than, "That was a good answer, Joe".  You should look for opportunities to help others who seem to be off course.   Often you will find that you learn more for yourself by "teaching" others.  I will leave every discussion up all the way to the exam but do not fall behind.  Your classmates will not want to go back in time to respond to something that should have been done much earlier.  For those of you wondering how many of the longer lecture videos I will post, well, a lot....  If you were taking this class live you would be with me for 1 hour and 15 minutes twice a week.  So, some of the lectures will be that long, or longer.  The good news is that you have a pause button so you can set your own pace.    So, don't stress over having to watch long lectures.  You will be fine.  One more thing....  So, it would be wise (rational) for you to post answers to each discussion post...  Here we go.  ____  Read pp. 1-10 (stopping at the section on climate change) and then watch the short presentation below to discuss the following:  What are your thoughts on the extent to which college will narrow, or close, the imbalances you face in your life?  What cost-benefit calculation did you do before you selected Valencia and before you selected your major?

Violin and Piano School Florida.  Zoom, Online and In Person Orlando Florida
Be the first to know!

Thanks for subscribing!

bottom of page