30-Year-Old Has Earned $11 More Than He Would Have Without College Education
After accounting for the cost of tuition, four years of lost earning potential, and the minimal increase in salary an undergraduate degree provides, 30-year-old local man Patrick Moorhouse has, at this point in his life, earned $11 more than he would have had he not attended college at all, an independent study confirmed today.
“All told, Patrick’s B.A. in Political Science translates to about $5,000 more in annual wages, but when you account for his student loan payments, including his 6 percent interest rate, his degree from a respected four-year university amounts to slightly more than 10 extra bucks in his wallet,” said researcher Ken Overton, adding that had Moorhouse been accepted to his more prestigious first-choice college, his earnings would have totaled $54 more than if he had never enrolled in higher education.
“If Patrick had started working straight out of high school, he would have had slightly fewer job options than he does now, but living at home instead of a dorm or student apartment even just those first two years would have added at least $16,000 in total savings, which pretty much evens things out.
All in all, the countless hours Patrick spent stressing about getting into school and then working hard to succeed in college have been more or less a financial wash.”
The study noted, however, that one cannot ever truly put a price on the 12 Post-WWII European History lectures Moorhouse attended junior year.
There was a young man from Dublin,
Whose college tuition kept doublin’;
He stayed on at school,
Perhaps a real fool,
The thought of it all now is troublin’.
Is college still worth the high price?
Or is it a throw of the dice?
The cost is so great,
And you study sooo late,
You live on noodles and rice.
Is it better to just work instead?
Sans exams that you really dread?
Live a life without pressure,
In places much fresher,
Is no college ed. something you dread?
Should you spend your youth money earning?
Instead of the midnight light burning,
No dull classes to take,
For education’s sake,
It’s a thought which keeps on returning.
It’s a choice that you have to make,
Think about it while you’re on your break,
Should you spend all that cash?
From a bank’s private stash?
The rest of your life is at stake.
© 2013 Ronald J. Yarosh
All rights reserved.