Opportunity and Demand Costs of a College Education

This article talks about why colleges and universities don’t give you as many opportunities as you think. The article states that the cost of attending colleges or universities is very high, which can lead to problems down the road. There are other reasons why college graduates earn more, such as family connections and being more motivated. He believes that the years you would be going to university are your most youthful years and you can do better things with them. Another main point is that just because you’re good at school doesn’t mean you’ll be good at life. Another option is that you can take a year of school, start your own business or take an apprenticeship.
This article relates to the direct and opportunity costs of Chapter 1. The article shows many reasons why the opportunity costs can outweigh the direct costs. The direct costs are such things as the tuition, shelter and food. The opportunity costs are 4-6 years of life and the money you could off made working. This article tries to show people why the opportunity costs can’t be ignored and that not attending college might be the best way to go. The author also attempts to show why direct costs such as tuition can lead to debt in the future, which is something people might not be able to get out of.
I think that people should attend college. In the Canadian job market a degree can go a long way in helping you find a job. Without a college degree you aren’t accessible to high paying jobs such as accountants, doctors and lawyers. Even if you take an apprenticeship, you won’t have the opportunity to make a lot of money. Their will most likely be a limit on how much you can make, unless you open your own business. The problem with opening your own business is that many small businesses fail. I believe that if you miss the 4 years after graduating secondary school because of post-secondary school, you will regret it. That’s why I think people should take 1-2 years off after high school and enjoy their life. Then, you can return to school and finish your education.
http://www.princetonreview.com/college/research/articles/find/shouldyougo.asp