College Info

Wendy Ajiataz, Cristian Romero, Luis Pirir, Pedro Cux

Opportunity Cost
The loss of benefits if choosing one alternative.

A good example would be choosing to go to a community college or UC.

Opportunity Benefits
To give up some rights to gain an achievement. One example would be to choose to
give up on a job to focus on your studies.

Scarcity
To be shorten on supply
Different Types of Degrees
Going to work
● Associate's Degree
● Bachelor’s Degree
● Master’s Degree
● Doctorate’s Degree (PhD)

Going to college
Going Straight to Work
Cost: Benefit:

● Earn 1,316,000 in a lifetime before taxes. ● Health insurance

● Yearly earning=$ 28,000 ● Earning money straight out of highschool
● 65-18=47 ● Earn more money than a highschool dropout
● $28,000 x 47= $1,316,000 ● Free from the clutches of school work

● High school dropout= $20,241 yearly earning

● $951,327 lifetime
LACC(Associate's degree)
● Making $1,847,664 in a lifetime
● Graduation rate is 15.5%
● Unemployment rate 3.6%
● Estimated debt is $8,000 with an interest of 6.80%, paying $92.06 a month for a
course of 10 years
CAL State LA (Masters Degree)
● Making $3,113,280 in a lifetime
● Graduation rate is 38.3%
● Unemployment rate 2.4%
● The total estimated debt is $13,645 with a interest rate of 6.80%, a minimum
payment of $157.03 (monthly) for the course of 10 years
● Annual award amounts up to $4,000 (Work Study)
REED College(PHD)
● Earning $3,753,884 in a lifetime
● Graduation Rate: 80.6%
● Unemployment rate is 1.6%
● Estimated debt is $38,136 with an interest of 6.8%, a minimum payment of $438.87
(monthly) in the term of 10 years
Reflection
After weighing the cost and benefits we came to a conclusion that with an Associate's
degree you will be making $1,847,664 in a lifetime, better than no degree.

Getting a PHD: You’ll make $3,753,884 in a lifetime, even better.

Conclusion: some college is significantly better than no college.

Links
https://collegescorecard.ed.gov/

http://www.finaid.org/calculators/loanpayments.phtml