THE "TRUE COST" OF GOING TO SCHOOL
5.Will a scholarship affect your opportunity cost?
It depends, but generally,
(Go to Spreadsheet)
If the scholarship pays only for tuition, fees and books, the answer is simply no. The lost after tax wages are not offset by the scholarship. If you received scholarship funds in excess of tuition, fees, and books, then the scholarship begins to offset some of the opportunity cost of going to college.
An Microsoft Excel spreadsheet is available for you to determine the cost per course and cost per lecture. Just click on the link (Go to Spreadsheet). Your browser will ask you where to download the spreadsheet on you hard drive for you to use.