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THE "TRUE COST" OF GOING TO SCHOOL

4.The "true" cost of going to school one year:

a. Tuition fees Books Opportunity cost

= $ 2,414.00

=$ =$

600.00

TOTAL

=$

Since room, board and recreation are not really costs of going to school, the true cost of going to school, or the economic cost of going to school includes tuition and fees, books, and the opportunity cost (after tax lost wages). Tuition and fees and books are costs of going to school because if you don’t go to school, you do not incur those costs.

Add ‘em up. Most of you will find that the true cost of going to school exceeds the accounting cost of going to school, and that the opportunity cost of going to school is the largest cost of all.

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