College & Money c/MAJ Colin Pothoff

Why Go To College? Questions: Do you need to go to college to be rich? Do you need to go to college to be famous? Do you need to go to college to succeed in life?

Unemployment Rates

How Does College Pay Off? It increases your employment opportunities It makes it easier for you to relocate It makes you employable It usually increases the amount of money you are paid

Working For a Pay Check $7.25/Hour = $290W - $1,160/M - $13,920/Y

Paying The Bills! $12.00/Hour = $23,040/Y $23,040 - $9,600/Y – Rent @$800/M $13,440 - $3,000/Y – Utilities @$250/M $10,440 - $2,400/Y – Gas For Car @$200/M $8,040 - $900/Y – Insurance @$75/M $7,140 - $5,200/Y – Food @ $100 per week $1,940 – Clothes, Social Life & Vacations

How Does College Pay Off? Note that these are only estimates and it is not a guarantee that you will make this amount of money when you graduate! AA/AS - $30 - $35,000 Per Year BA/BS - $37 - $47,000 Per Year MA/MS - $50 - $80,000 Per Year PHD/MD – 100,000+

High School Drop Out From 18 to 74 years of age. Earning $20,800/year. Life time - $1,164,800 Annual - $20,800 Monthly - $1,733 Weekly - $433

High School Graduate From 18 to 74 years of age. Earning $24,600/year. Life time – $1,377,600. Annual - $24,600. Monthly - $2,050. Weekly - $512.

Associates/Associates Science From 20 years to 74 years of age. Earning $32,500/year. Life time - $1,755,000. Annual - $32,500. Monthly - $2708. Weekly - $677.

Bachelors/ Bachelors Science From 22 to 74 years of age. Earning $42,000/year. Life time - $2,184,000. Annual - $42,000. Monthly - $3500. Weekly – $875.

Masters/ Masters Science From 24 to 74 years of age. Earning $65,000/year. Life time - $3,250,000. Annual - $65,000. Monthly - $5,416. Weekly - $1,354.

Professional Degree From 28 to 74 years of age. Earning $110,000/year. Life time - $5,060,000. Annual - $110,000. Monthly - $9166. Weekly - $2291.

The difference! The difference between life time earnings are: Drop out – High School Graduate $212,800. High School Graduate – Associates $377,400. Associates – Bachelors $429,000. Bachelors - Masters $1,066,000. Masters – Professional $1,810,000. 429

Scholarship Information: www.aiuniv.edu www.gacollege411.org www.fastweb.com www.collegeandfinance.com www.wacky-scholarships.com www.fafsa.gov.ed

Make It Happen!!! +$10,290 $43,000/Y - $11,610 Taxes & Insurance $31,390 - $9,600/Y – Rent @$800/M $21,790 - $3,000/Y – Utilities @$250/M $18,790 - $2,400/Y – Gas For Car @$200/M $16,390 - $900/Y – Insurance @$75/M $15,490 - $5,200/Y – Food @$100 per week +$10,290

Words of wisdom College or die. Simply put!