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Cost Benefit Analysis Of Benjamin Lachelt’s Collegiate Career

Cost Benefit Analysis Of Benjamin Lachelt’s Collegiate Career. Colorado College.

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Cost Benefit Analysis Of Benjamin Lachelt’s Collegiate Career

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  1. Cost Benefit Analysis Of Benjamin Lachelt’s Collegiate Career

  2. Colorado College Colorado College is a private, in state university located in Colorado Springs. The college has a block plan class schedule, which consists of one class for an extended period of time. In this cost- benefit analysis, it will be revealed if it is worth it to go to this college or not, or any college for that matter.

  3. Costs versus Benefits Costs (Monetary) Tuition=198599 Room and Board=40000 Food+Accessories=3600 (25X4x9x4) Recreational Equipment=1160 (4 ski tunes, new pair of skis, new boots) Book=4976 (1244(average book price) x4) Party Things=96 (2 six packs x 3 parties x 4) Ski passes=1716 (429x4) Transportation=8320 (40 per week) x 52 weeks x 4) Total=258467 Benefits (Monetary) More money=258000 Lower Insurance Rates=18000 50x12(months)x30(years working) Money to leisurely spend=343999.9914 86000(per year)x30(years working)x.13 Tax benefits=30000 1000x30(years of working) Less Medical Expenses=9000 1500x6(injuries) Perks=300 100x3(amount of alumni parties) Retirement=300000 10000x30(years) Total=959299 Costs (Non Monetary) Stress=7200 (50(per week)x4x9x4) Not being with family=4320 (30(per week)x4x9x4)) Initiations=150 (3 initiation tasks into a fraternity x 50) Having to work hard=7200 (50(per week)x4x9x4) Being scared=930 (30(per day)x31(first month of college)) Time=10220 (.5(cost per hour)x20440(hours awake in college)) Having to go to school again=112000 (2000x56(number of total classes)) Benefits (Non Monetary) Freedom=6000 1000 x how much I love America on a scale of 1-10 Job Satisfaction=900000 100000 x how much I want to have a satisfying job 1-10 Experience of college=7000 1000 x how fun I think college will be on a scale of 1-10 New People=10000 1000x10(people that I will become close to in college)+100 More Job Opportunities=300 100x30(jobs that I won’t do) Study cool things=15000 1000 x how many classes I will have that are interesting Learn about information=5600 100xamount of classes Total=943900 =? Total=142020 All costs=400487 All benefits=1903199

  4. IS COLLEGE WORTH IT?-Reflection Even though the price of college is ridiculously expensive, it is very important to me to be able to study in depth what I am truly interested in and have a wider range of jobs available to me that would probably give me more job satisfaction. Obviously, the benefits of college definitely outweigh the costs. I will most definitely make more money in college and learn things that my mind craves. College is potentially a worthwhile investment. Benefits=$1903199 Costs=$400487 Benefits-Costs=$1502712 Over a time of about 30 years after college, the benefits will outweigh the costs by $1502712. Also, my parents have a fair amount of money saved up for my college career, so that will help in my college expenses as well.

  5. Other Reflections • Considering that Colorado College is a very expensive institution for higher learning, my costs would most likely be lower if I went to another lower quality four year university (compared to Colorado College). Then the difference between benefits and costs would be about as separated as the Red Sea (post Moses). The lower costs of a less expensive university would most likely make the college experience worthwhile. • My total tuition could increase when I’m in college by: • Going to college for longer amount of time. • If I have to leave college for an extended period of time and come back. • Get suspended from college and have to go to another college. • Monthly Payment=1725.25 Monthly income=7228 Total money needed to pay back=79142.8 • If I have an extended fixed repayment plan of 25 years of $1725.25 a month, that would be 24% of my monthly income for 25 years. • Conclusion • Colorado College seems as if it is too expensive of a college for me unless I get a scholarship. When I say that the debt of this college is too much, I mean any monthly repayment loan above 20% of my monthly income. • The true and pure price of college, without any of the confusing repayment plan stuff, is whatever a college student is willing to sacrifice to get a college degree. The amount and variation of this price will differ from person to person. For me, the sacrifices I am willing to pay are listed in the costs section on slide two. • This project has definitely made me think about the consequences of going to college. It hasn’t scared me out of going to college, it just made me a better informed person about the tasks ahead of me. I still want to go to college, and I will try to make smart financial decisions while I am there.

  6. The End According to my cost-benefit analysis, I should go to college!

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