What about lost opportunity cost though? Or the cost of failure?
My college intake class had 60 enter in the first year, and I was paying $2000 out of pocket a semester. Only about a quarter got the paper in the end; the rest either withdrew or flunked out. And from what I understand, 75% starting but failing to achieve a degree isn't atypical for that course.
What happens to those students? The ones that take on debt and then realize far too late that they can't handle the workload and have nothing to show for it but student debt, years of lost income, and no degree to show for it?
And even for those of us that made it though, I'm... still uncertain it was worth the price. Not just in dollars.
My college intake class had 60 enter in the first year, and I was paying $2000 out of pocket a semester. Only about a quarter got the paper in the end; the rest either withdrew or flunked out. And from what I understand, 75% starting but failing to achieve a degree isn't atypical for that course.
What happens to those students? The ones that take on debt and then realize far too late that they can't handle the workload and have nothing to show for it but student debt, years of lost income, and no degree to show for it?
And even for those of us that made it though, I'm... still uncertain it was worth the price. Not just in dollars.