The folks over at Online Schools have created an interesting infographic on college costs in America. From their work we can conclude that college is definitely worth the investment.
The median salaries of college graduates is between $41,000 and $50,916.
Yet, it comes at a cost. The average college graduate leaves with a debt of nearly $23,200, and in today’s economy it may take a while to find a job.
The More Worrisome Findings
What’s particularly interesting, however, is that we may not be adequately preparing our kids for the university experience. Apparently, academic discipline is in short supply.
According to the folks at Online Schools, 1 in 3 students drop out after the first year and 57% of students take six years or more to complete their degrees.
Perhaps this is because on average they spend only 8 hours a week studying but 10 hours a week partying and over 9 hours a day playing video games, using cell phones, watching TV and using social networks.
Via: OnlineSchools.org
Once we understand the true nature of wealth we can start making our money work for us instead of against us.
Personal finance is about more than math. It's about behavior. Change your behavior and you change your financial situation.
When we spend money we're really exchanging time spent on the job (our life energy) for a product. Understanding this leads to better buying decisions.
Put your finances back on track with Michelle Singletary's twenty-one-day financial fast.
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