Group 1 Applied Economics _20240808_115002_0000.pptx_20240811_100750_0000.pptx

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1. GROUP ONE APPLIED ECONOMICS

2. HI SIR HENNO HENNO MADLANG PEOPLE MABUHAY MINI MISS U MINI MISS U

3. Its time To play Jumbled words

4. Ainenglr

5. Learning

6. Sepenxe

7. Expense

8. Solsipshoahs

9. Scholarship

10. Cialnipan iad

11. Financial Aid

12. Eercar

13. Career

14. Retrfinoitica

15. Certification

16. Reegde

17. Degree

18. Niopportuty

19. Opportunity

20. Tsco

21. Cost

22. Anmded

23. Demand

24. WHAT ARE THE OPPORTUNITY COSTS OF A STUDENT WHO DECIDE TO STUDY COLLAGE?

25. An opportunity cost is the forgone benefit that would have been derived from an option other than the one that was chosen. The opportunity costs of college are lost earned income, being behind in savings, and having little to no job experience upon graduation.

26. Should i go to college or not? That is a question that I see all the time in Facebook groups. I hear it in on sidelines at games. I hear teens wondering if college is the right choice for themselves.

27. And, the earning potential is amazing. The benefits are incredible. And, there is no shame AT ALL in not going to college. You can read our story below and why one of our sons decided the opportunity costs of college were too great for him. The answer is complicated. Every situation is different, every family is different, and getting to the answer is going to be different for everyone. And FYI -there is no right or wrong here, lots of options though. What I want people to know is that there are so many awesome jobs out there that DO NOT require college.

28. #1 Opportunity Costs of College: Length of time for college vs. learning a trade Depending on the chosen field, a trade school program can last anywhere from a few months to two years. In contrast, pursuing a degree at a traditional college typically requires a four-year commitment. This is one of the reasons why starting a vocational program after high school might be a great option since you can enter the work field faster and choose later if you want the time and financial commitment to a four-year college.

29. #2 Opportunity Costs of College: On-The-Job Experience Many certifications and other apprenticeships can last just a few months up to a number of years. There is also the possibility of on the job training for something like construction where you learn as you go. These vary by skill and particular jobs

30. #3 Opportunity Costs of College: Expense -In terms of attending college, the opportunity cost would include the tuition fees, living expenses, and the income you could have earned if you were working full-time instead of going to school

31. #4 Opportunity Costs of College: Career Focus By the time someone graduates from college after 4-6 years (on average), they are in debt. They have no job training with the exception of an internship or two. They have not earned income for those years as well. On the other hand, someone in the trades has finished their program in the same amount of time or less. They have experience as well. And, they have been paid along the way. Often their pay is significant

32. #5 Opportunity Costs of College: Certification vs. Degree A degree is typically four (or more) years of college if you finish the requisite classes. A certificate is “a document stating you have completed a certain amount of training in preparation for a specific job.” Most often, certification takes much less time to complete

33. #6 Opportunity Costs of College: Not all Jobs in Highest Demand require College Many of the highest demand jobs do NOT require a college degree. Some require an associate’s degree, certification, on-the-job training or a combination of these things

34. This is not intended to discourage students from attending college. We are telling you to plan. Take your time. Avoid taking up debt from student loans, and if you must, pay it back gradually. During your college years, pay down the interest each year. Examine every college option to get the best value

35. Good luck! Thank you