A number of important factors go into the decision to attend college. Students must make certain that they are fully prepared to do the commitment. College costs require a layout of money for tuition and books, as well as a commitment of approximately 15 hours of class per week and 30 hours of study.
The commitment of 45 hours a week to class and study is greater than a 40 hour work week. And so, the costs also involve foregoing work opportunities in order to study. Students might wonder about the overall benefit of having a college degree over going to work out of high school.
The hourly wage of a college graduate approximates $28. or more per hour as opposed to the minimum wage of $7.00 or $8.00 per hour. That's a $20.00 or more per hour wage differential.
Next, a student must weigh the benefits of working at a trade like a welder, electrician, plumber, solar panel installer or construction worker. These jobs pay much more than an entry level salary; however, there is a long apprenticeship involving on the job training and formal classroom training. In addition, trade schools can be costly too. A year or two at a trade school could be comparable to a full year or more tuition at a local private college.
Once the student makes an affirmative decision to go to college, the next issue is deciding what to study and how to pay for the commitment. The public college tuition can be as low as 25% of tuition at a private institution. Traditionally, college is paid for on the basis of determining need based on the family income.
If a student can establish need due to low family income, then a much higher proportion of college costs can be covered through Federal Work Study, Pell Grants, full or partial scholarships, athletic scholarships or loans.
National Guard Service is another potential route for paying college tuition and getting valuable experience. Academic full scholarships are yet another way to pay for the cost of a college degree.
Once in college, a student will be faced with choosing a major course of study prior to the sophomore year. A reasonably robust college education should consist of courses in English literature, higher mathematics , world history, psychology, philosophy a major course of study and a body of electives.
The professional license route requires satisfying the educational requirements specific to each profession. Examples of college preparation for professional licensure include formal programs in accounting, engineering, law, medicine, nursing and the computer sciences. Teacher preparation is another popular option as is physical education.
If a student is not interested in one of the many professional collegiate courses of study, then a general college degree sequence of liberal arts is the option. A general college degree can qualify a student for a career in government, white collar positions in major companies, running a small business, general management or the Federal Civil Service Examination.
These are just a few of the options. A military commissioned officer is always another possibility that should never be overlooked. Increasingly municipal police and fire departments are hiring college trained employees from community colleges and full four year colleges and universities.
In closing, aspirants to a college education should do some basic research before making such an extensive commitment. Students and parents should review the costs, benefits and alternative use of the college projected costs so that an intelligent decision can come out of this extensive deliberative process.
Many macroeconomic changes will be coming this decade. The United States population is growing at nearly a million people a year over the death rate. In addition, the baby boom generation is retiring in record numbers. Exports to foreign countries are projected to increase dramatically within just a few years. The sum total of all of these trends will be an increased demand for highly trained professionals at some point in the near future.
Credits: First Published on Blogcritics
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Dr Joseph S Maresca (JSMaresca)
Dr. Joseph S. Maresca CPA, CISA Amazon Books: SEARCH -College Vibrations by Dr.Joseph S. Maresca SEARCH- Consumption,Savings and the Public Debt by Dr.Joseph S. Maresca … more