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The 7.8% line is to be taken with a grain of salt though. If you decide to invest all the theoretical college money and work without said education you'll (hope
by kriro 11y ago
The 7.8% line is to be taken with a grain of salt though. If you decide to invest all the theoretical college money and work without said education you'll (hopefully) still earn >0$.
It would have also helped if the article said what degree/how long it takes (BA, MA) and what the investment cost for the degree actually is (provide median or something). A typical BA takes 2 years and is in the ballpark of 50k$ on the lowish end (I heard that as a low end average for in-state public schools).
Had I invested that fictional amount at 7.8% since universities are "free" here I'd have about 225k...yay
- morgante 11y ago> A typical BA takes 2 years Do you mean 4 years? It's extremely rare for someone to get their Bachelor's in fewer than 4 years.
- Apfel 11y agoWell, the Economist is an British magazine. English and Welsh Bachelor's degrees are generally 3 years, whereas Scottish ones are 4 years.
- a_c_s 11y agoThe average in-state tuition & fees at a public university in the USA is $9,410/year, ranging between $4,890 and $15,160 [1]. Unless otherwise specified, US publications tend to assume "college" = 4 year bachelor's degree. [1] http://trends.collegeboard.org/college-pricing/figures-tables/2015-16-state-tuition-and-fees-public-four-year-institutions-state-and-five-year-percentage http://trends.collegeboard.org/college-pricing/figures-table...