Craig Roggow. Questions to Ask: How do you compare costs vs. benefits, at the same time, and at the same date? If so, how will you determine the “real”

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Presentation transcript:

Craig Roggow

Questions to Ask: How do you compare costs vs. benefits, at the same time, and at the same date? If so, how will you determine the “real” average value of college or post graduate education on your investment? Will going to college or graduate school payoff as an investment for you?

Step 1Step 1 – –Identify a rough per month cost for attending a specific college or a professional degree. Step 2Step 2 – –Be able to calculate FV of college or professional degree costs. Step 3Step 3 – –Obtain data showing educational attainment in relationship to lifetime earnings.

Step 4Step 4 – –Determine potential average lifetime gains related to career level evaluating. Step 5Step 5 – –Be able to calculate the Net Present Value (NPV) of increase earnings due to college. Step 6Step 6 – –Determine the “real” average investment value of college or a post graduate degree.

Rough per month cost for attending a specific college or a professional degree. – –Public 4-Year College – –Tuition for 4 yrs. (8 semesters) at $9k/yr. = $750/mo.Tuition for 4 yrs. (8 semesters) at $9k/yr. – –Rent for 4 yrs. (48 months) at $500/mo. = $500/mo. – –Books, labs and supplies $600/semester = $100/mo. – –Food, utilities, cellphone, gas, etc. = $600/mo. – –Transportation, airfare back home = $400/mo. Estimate Total: $112,800 or $2,350/mo.

Obtain data of lifetime earnings full-time employee working for 40 years within that area (U.S. Census Bureau).U.S. Census Bureau » »Table 1

Determine potential average lifetime gains related to college level. For our demonstration purposes, I chose the Bachelor's Degree College level at $2,100,000.). » »Table 1

Determine value of college or a post graduate degree. Compare FV of college costs at the time of graduation, with the NPV of increase earnings over one’s lifetime. – –Public 4-Year College PV=$185,920 - FV= $143,873 = $42,047 (Beneficial)

In calculating the true value of college or a professional degree, you need to incorporateIn calculating the true value of college or a professional degree, you need to incorporate costs vs. benefits, at the same time, at the same date, which includes present and future values. a good value with our data.This review shows that investing in education from a public 4-year college is a good value with our data.