The Opportunity Cost of Getting A Graduate Degree Instead of Working Full-Time
I’ve heard many people say that they’ve reached the top of their ladder and can’t get promoted without a graduate degree. And while that may be true, I wanted to highlight the opportunity cost of pursuing that degree if you were to quit your current job (or go straight from undergrad to grad) and attend university for 2 years full-time. When considering this move, you have to take into account lost earnings, the cost of attending school, and what your (potential) future earnings will be after you graduate. Let’s find out which choice makes the most financial sense!
How To Save For Your Child’s College Education
To state the obvious, the cost of education is extremely high. According to Vanguard’s college cost calculator, the projected cost of a public 4-year college (in-state) 18 years from now will rise from today’s cost of $88,720 to $230,070! In today’s post, I will talk about the various ways you can save for your child’s education and what I’ve chosen to do for mine.