Students are strongly encouraged to attend college after high school. And that is about where the conversation ends. The financial realities of college and degree choice is rarely, if at all, discussed. These days it takes more than just “so, where do you want to go and what do you want to major in” to make a sound decision. We need to be helping teenagers take a look at the financial investment for their particular situations. How much aid they may receive based on their situation, the scholarships at the schools they are considering, the tuition cost for their school of choice as well as degree of choice, what amount of debt can they expect upon graduating, and how much income they are likely to make once in their field.
Knowing and evaluating these things are more important now than ever. Let’s take a look at a few facts first. Then I want to introduce you to someone who has experience in this particular type of evaluation to give you an inside look at how to calculate the financial investment.