THE "TRUE COST" OF GOING TO SCHOOL
Does this represent the “true cost” of going to school ?
The alternative to going to school is working and earning income.
If with the same effort you put into school, you can make $??,??? a year after taxes,
Are we missing a very important cost in our analysis? The alternative to going to school is working and making some money. How much money could you have made this year, after taxes, if you had gone to work rather than come to school? Write that figure down? You don’t know? Didn’t you evaluate your alternatives before you made the decision to come to school? You should have.
The after tax, lost wages from going to college is the opportunity cost of going to college.