Review FA-9.1-9.4

Sandra is considering getting a job after high school instead of going to college.  Which of the following is a drawback of making this choice?

• Sandra will likely make a higher salary then someone that is going to college

• Sandra will not have student loan debt

• Sandra will have more work experience then someone that is going to college

• Sandra will have fewer employment options because many jobs require a college education

When considering the cost of college, how does the net price differ from the sticker price

• The sticker price includes all expense while the net price does not include things like room and board or textbooks

• The sticker price is the cost before any grants or scholarships are applied while the net price is what you owe after you subtract grants and scholarships

• The sticker price is the cost before loans are applied while net price taxes is what you owe after you take your loans

• Sticker price is the price you will pay for an out of state college while net price is the price you will pay if you are a resident of the state

Which of the following statements is true about the value of a college education?

• Steve says, "The only value of getting a college education is that your immediate earnings after graduation will likely be more than a person who does not go to college."

• Christina says, "The value of a college education is that you will likely earn more over your lifetime."

• Judah says, "College is valuable even though unemployment rates are just as high as someone without a college education.”

• Carla says, "College is not that valuable, but one benefit is that you have the chance to study abroad."

​ ___ - ___ = ___

• Net Price

• Scholarships and Grants

• Sticker Price

Assuming you have scholarships, the net price will be (MORE,  LESS) than the sticker price?

(a)  

As college costs rise, the added value of a college degree (INCREASES, DECREASES).

(a)  

What is the average annual salary for a college graduate (all fields)?

(a)  

Which majors have a higher average salary than the average for college graduates (all fields)?

• Computer sciences

• Engineering

• Business

• Math and sciences

• Social sciences

According to the Bureau of Labor Statistics, the median annual salary for a high school graduate is $40,612. Over a 35 year career, how much more are the earnings of the average college graduate compare to those of the average high school graduate (without factoring in wage increases)?

(a)  

Which statements are true when two variables, X and Y, are  POSITIVELY correlated?
(Hint: Choose TWO)

• As X increases, Y increases

• As X increases, Y decreases

• As X decreases, Y increases

• As X decreases, Y decreases