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Business, 16.04.2021 18:20 addisonrausch

Assuming the average person works 50 weeks per year, median earnings of a college graduate are $56,850 per year compared to $33,900 per year for a high school graduate. If a college graduate works 43 years, median lifetime earnings are $2,444,500. A high school graduate can be expected to work an additional four years (47 years total), resulting in lifetime earnings of $1,593,300. According to the College Board, an undergraduate student attending an in-state school and living on-campus should budget $25.290 per year to attend college (including tuition and fees, room and board, books, transportation, and other expenses) Using this information calculate the average total cost of a bachelor's degree that takes four years to complete, then determine whether obtnining the degree is likely to be worth the expense.

a. According to the College Bourd, a four-year bachelor's degree at an in-state school will cost, on average, worth it because the increase in lifetime earnings
b. The expense of obtaining a bachelor's degree the worth it because the increase in lifetime earnings the cost

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Assuming the average person works 50 weeks per year, median earnings of a college graduate are $56,8...
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