Scott Tabor Nicole LeDuc Jessica DePalma Stacey Canino The Price of Education Scott Tabor Nicole LeDuc Jessica DePalma Stacey Canino

Introduction/Purpose We created a survey to find out how much both prospective and currently employed teachers were paying (or have paid) for their education In addition to the tuition total, teachers were asked to indicate their grade level and area of certification to indicate forms of payment and financial aid such as loans, grants, and work study

Introduction/Purpose We also researched the median wage and expected rate of employment for teachers of various grade levels

The average costs at a public four-year college Tuition and fees for in state students for one year: $7,605 Tuition and fees for out of state students for one year: $11,990 Tuition and fees for all four years: $33,300

The average cost of tuition at a private four-year college Tuition and fees for one year: $27,293 Tuition and fees for all four years: $119,400

Average amount of scholarship awards For the 2007-2008 school year, The National Postsecondary Student Aid Study surveyed about 114,000 undergraduate students and 14,000 graduate students. This study includes students at both two and four-year schools. The average scholarship amount was $2,523.31, with 5.5% of the surveyed students receiving scholarships.

Average amount of scholarship awards Of just four-year colleges, 8.3% of undergraduate received private scholarships worth $2,796 on average. Students at four-year colleges represented 77% of scholarship recipients in 2007-2008. 2009-2010, more than $54 billion was given out in financial aid to undergraduate students. Average amount of aid: $11,500 – including $6,000 in grants.

NPSAS Survey for Undergraduate Students http://www.finaid.org/scholarships/awardcount.phtml

NPSAS Survey for Graduate Students http://www.finaid.org/scholarships/awardcount.phtml

Cumulative Borrowing Debt The median cumulative debt among graduating Bachelor's degree recipients at 4-year undergraduate schools was $19,999 in 2007-08. One quarter borrowed $30,526 or more, and one tenth borrowed $44,668 or more. 9.5% of undergraduate students and 14.6% of undergraduate student borrowers graduating with a Bachelor's degree graduated with $40,000 or more in cumulative debt in 2007-08. Graduate and professional students borrow even more, with the additional cumulative debt for a graduate degree typically ranging from $30,000 to $120,000. The median additional debt is $25,000 for a Master's degree, $52,000 for a doctoral degree and $79,836 for a professional degree.

http://www.careerinfonet.org

http://www.careerinfonet.org

Expected Annual Job Openings (2008 – 2018) New York United States Preschool teachers 890 17,830 Elementary school teachers 3,330 59,650 Secondary school teachers 2,520 41,240 Special education teachers, PreK - 6 920 10,290 Special education teachers, 7 - 12 530 5,750 Vocational education teachers, 7 - 12 160 3,850 Average 1,492 23,102 http://www.careerinfonet.org

RESULTS Certification Areas ECE= 9% AE= 60% CE= 20% PE, Art, Music= 11% TESOL= 0%

Percentage of Teachers Certified Certified- 97% Uncertified- 3%

100% of those certified, were certified in NY

Percentage With Completed Undergrad Degree Unfinished Degree- 3% Class Rank Senior- 11% Juniors- 3% Sophomore- 0% Freshman- 0%

% of Debt from Undergrad Work 43% 3% 9% 3% 9% 9% 6% 6% 6% 9%

Cost/Expected Cost of Master’s Degree Median- 30-35K 9% 6% 11% 14% 11% 14% 6% 6% 6% 17%

Educational Financial Assistance *Note: Percentages may add up to more than 100 because individuals may have had more than one type of assistance. 17% 29% 26% 74% 11% 43% 23%

Expected Amount Owed After Completion of Education 11% 3% 3% 9% 14% 29% 0% 6% 9% 17%

Willingness to Relocate 57% 17% 34% 9%

Conclusion/Discussion Our Median value for amount spent after completion of Master’s degree was 30-35k 4-years at state- 33,300; 119, 400 at private institution Various margins of error in questions/answers to questions

References http://www.savingforcollege.com/tutorial101/the_real_cost_of_higher_education.php http://www.collegeboard.com/student/pay/add-it-up/4494.html http://www.finaid.org/scholarships/awardcount.phtml http://www.careerinfonet.org