Chapter 7, Problem 7.8BYP

Considering Your Costs and Benefits

School costs money. Is this an expenditure that you should have avoided? A year of tuition at a public four-year college costs about $8,655, and a year of tuition at a public two-year college costs about $1,359. If you did not go to college, you might avoid mountains of school-related debt. In fact, each year, about 600.000 students decide to drop out of school. Many of them never return. Suppose that you are working two jobs and going to college, and that you are not making ends meet. Your grades are suffering due to your lack of available study time. You feel depressed. Should you drop out of school?

YES: You can always go back to school. If your grades are bad and you are depressed, what good is school doing you anyway?

NO: Once you drop out, it is very hard to get enough momentum to go back. Dropping out will dramatically reduce your long-term opportunities. It is better to stay in school, even if you take only one class per semester. While you cannot go back and redo your initial decision, you can look at some facts to evaluate the wisdom of your decision.

Instructions

Write a response indicating your position regarding this situation. Provide support for your view.