Presentation is loading. Please wait.

Presentation is loading. Please wait.

Can you afford not to go to college?? By: The YOUNG MONEY staff

Similar presentations


Presentation on theme: "Can you afford not to go to college?? By: The YOUNG MONEY staff"— Presentation transcript:

1 Can you afford not to go to college?? By: The YOUNG MONEY staff
Nafisat Adekola Can you afford not to go to college?? By: The YOUNG MONEY staff

2 Website its from

3 The Article By YOUNG MONEY Staff 23 September 2010
The cost of college continues to rise at a sickening rate, and the economy's troubles are causing many families to reevaluate the wisdom of sending a child to college. But, as a new College Board study demonstrates, college can significantly improve a person's financial standing. The company reports this week that college graduates earn nearly $22,000 more per year, on average, than those with just a high-school diploma. College grads are also unemployed at a significantly lower rate than diploma-holders: In 2009, the difference was a striking 5.1 percentage points. A person's earnings power is so much greater if she goes to college, College Board president Gaston Caperton says, that financing 100 percent of a university education can make sense. "Even for students who use loans to finance all of their tuition, it would take only about 11 years to recoup the cost plus the foregone earnings," Caperton notes. That being said, it's more cost-effective to pay for college without taking on debt. For young parents, in particular, the time to begin saving is now: Lender Sallie Mae estimates that, for a child born this year, public college will cost $177,000 - and a private school will cost a staggering $365,000.

4 Summarize This article is about the cost of college going up so high that most families aren’t able to afford it. Although the statistics prove that college graduates earn $22,000 more than the person who graduates with just a high-school diploma. In 2009, college graduates are .5% more unemployed than the person who graduates with a high-school diploma. The cost for college will go up to at least $177,000, and private college, even more. I choose this article because it has a lot to do with math. It tells you how much it’s going to be and how many percentage of people who graduate college won’t be employed.


Download ppt "Can you afford not to go to college?? By: The YOUNG MONEY staff"

Similar presentations


Ads by Google