Total cost of ownership is 4 years x $15k-$25k (for a cheap public school) + missed income from working that same four years ($35k x 4 years). This is equal to $220k +/- $20k of lost money.
Now compare this to income differential. Starting grad income is $80k(?). At 4% raise per year compared to 3.5% raise per year for a non-college employee. Over 43 years.
My math comes out to the college grad is still making more money despite the initial sunk cost.
Now compare this to income differential. Starting grad income is $80k(?). At 4% raise per year compared to 3.5% raise per year for a non-college employee. Over 43 years.
My math comes out to the college grad is still making more money despite the initial sunk cost.