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Paying for Education and Training. NORTH DAKOTA PERSONAL FINANCE EDUCATION. Average College Costs. Sample Average Undergraduate Costs, 2005-06. Four-year Public Institutions. Resident. $16,357. $26,304. Out-of-state. Four-year Private Institutions. $33,301.
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Paying for Education and Training NORTH DAKOTA PERSONAL FINANCE EDUCATION
Average College Costs Sample Average Undergraduate Costs, 2005-06 Four-year Public Institutions Resident . . . . . . . . . . . . . . . . . . . . . . . . . . $16,357 $26,304 Out-of-state . . . . . . . . . . . . . . . . . . . . . . . Four-year Private Institutions $33,301 Resident . . . . . . . . . . . . . . . . . . . . . . . . . Source: College Board’s Trends in College Pricing, 2006 7-H
North Dakota College Costs Moler Barber College of Hair Styling $10,204 North Dakota State College of Science $8,930 North Dakota State University $13,070 Rasmussen College – Bismarck and Fargo $15,198 Salon Professional Academy $18,258 Sitting Bull College $9,008 Trinity Bible College $18,410 Turtle Mountain Community College $6,064 University of Mary $17,910 University of North Dakota $12,718 UND School of Medicine and Health Sciences $35,373 United Tribes Technical College $7,380 Valley City State University $10,829 Williston State College $8,330 Bismarck State College $9,933 Cankdeska Cikana College $8,930 Dickinson State University $10,264 Fort Berthold Community College $7,140 The Hair Academy $13,959 Headquarters Academy of Hair Design $13,865 Trend Academy (dba RD Hairstyling College) $19,715 Jamestown College $20,885 Josef's School of Hair Design, Fargo $13,771 Josef’s School of Hair Design, Grand Forks $13,771 Lake Region State College $9,408 Mayville State University $10,726 Medcenter One College of Nursing $16,171 Minot State University $11,294 Minot State University – Bottineau $9,002
Education Funding Options • College savings • Scholarships and grants • Federal education loans • Private education loans • Work-study programs • Tuition assistance from employer • Military programs
Earnings Education Bureau of Labor Statistics, 2006 7-I
NEFE High School Financial Planning Program 4.4 3.4 Millions of 2006 dollars 2.5 2.1 1.6 1.5 1.2 1 How Much is Class Worth? Worklife earnings estimates by highest level of educational attainment Some high school, no degree High school diploma, or equivalent Some college, no degree Associate Degree Bachelor’s Degree Master’s Degree Doctoral Degree Professional Degree Source, US Census Bureau, current population survey, educational attainment in the US. 2005
1 of 2 Typical Employee Benefits • Hospitalization, medical and disability insurance • Dental and vision insurance • Accidental death insurance • Sick leave • Paid vacation time and holidays • Parental leave More 7-K-1
2 of 2 Typical Employee Benefits • Workers’ compensation insurance • Life insurance • Retirement benefits • Retirement savings plans • Employee assistance programs 7-K-2
Factors That Can Affect Your Earning Potential Promotions Being laid off Being fired Additional training Advanced degrees New job Business downturn Relocation Changing careers Life-changing situations Business upturn What other factors can you think of? 7-L
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