The opportunity cost of college worksheet

• Describe the opportunity cost of attending a four-year college (assuming a full-time schedule, living on-campus). Given these opportunity costs, why do people choose a four-year college experience?

• In your own life, what are the trade-offs you face when choosing online classes versus traditional face-to-face classes?

In your response posts to your peers, comment on the trade-offs made by your peers, and contribute other costs and trade-offs that might be possible. Additionally, discuss why trade-offs differ among individuals, giving concrete explanation.”Response to corey My name is Cory Devore and I am attending SNHU to obtain a business degree in Management Information Systems. My wife and I live just north of Atlanta, GA. and are young empty-nesters, excluding two very needy cats. I work in information technology for a large communications company and have been told it will be difficult to advance into higher levels of the company without having a degree. I do not have any exciting career goals at this time but am excited that I will have a degree at the point when I do! If I were to graph out a Production Possibility Frontier for a face-to-face four-year degree program, my axis outputs would be the brick and mortar campus experience on one end, with career and personal life on the other. There is absolutely a bit of scarcity as it relates to a student’s resources, with time and money most likely being the primary two. Living on campus and attending classes in-person would make it very difficult for students to also have a serious career and/or family life. The opportunity cost for maximum output on a degree program (highest passing grades possible) would result in diminished output in the marriage/career areas, and vice versa. I think students choose the physical campus experience over an online experience for the following reasons: 1. Students who receive academic or athletic scholarships might find it easier to live on campus than those without. 2. Students without families or who’s parents foot the bill for tuition are probably more likely to find the traditional class room experience more appealing than the online one. 3. Students with access to unlimited resources or who are comfortable taking out large student loans might opt for brick and mortar. Given that not all students have a career and/or family,