The Price of College
In this project we discovered the true price of college. Many believe that the price of college is what tuition costs. In reality the price of college there are many underlying things such as books, housing utilities, or food. Through my research of many different colleges I have discovered that of my top choices that Colorado School of Mines would be the choice for me. Attending School of Mines would save me around $80,000 through housing and tuition. I believe that through this institute I will also higher my standards of learning and will contribute more to society. Attending School of Mines will inhibit my Animas High culture and put me to work and a hard rigor that produces the top engineers, through being a top engineer who knows what I can accomplish. After my cost benefit analysis I have learned that college is worth the price. Out of college the benefits are much greater than the costs by $11,080,032. That high amount of money is a longshot, but I know it is achievable if I put the time in. I am very confident in getting the return on this investment for my job’s pay and the investments I will be making will substantially provide me with these benefits. The overall money I will be paying back is $211,268. In college I will be receiving loans for college, yet they will be loans without interest rates for they will be from my parents. They will pay for college if I pay them back in full in a ten year period. Due to interest rates if I was attending school I would prefer to stay in-state at Colorado School of Mines. It is my top choice and this education has a high value to me. With how cheap this college is there is no way that you could persuade me to want to attend any other college. The biggest factor in my tentative tuition cost is the amount of money I spend on lost free time. This is the biggest factor for I’m not sure how much I’ll be spending on lost free time. There are many factors lying within lost free time including time searching for jobs, time commuting, homework time, research time and time in class. Time is money so I definitely put a cost on it. It is definitely the factor that will cost me most and will be most varying. With the cost of loan payments, monthly payment towards the government will cost 5% of my average net income which is not too much to afford.