Sunday, October 14, 2018

Blog Post #1 Economizing with Opportunity Costs

    To go to School or not to go to School..That is the question~ Starting post secondary education at a University is normally the choice of most graduating high school students versus going to a community college right off the bat. Economically however most households can't afford to send all their children, let alone more than one at a time.
 
    I chose to forfeit College for a few years after graduating even though I had a scholarship to help pay for some of my college because my older brother graduated a year ahead of me and was also attending a University at that moment and even with a scholarship it was still costing money for him to be able to attend to his full potential. I chose to weigh the options of economic restraints it would have on my parents vs if I stayed back for a little while longer and just worked a full time job and saved up money to help put towards my tuition.

   I now have my own family and my own set of kids and am facing the same set of economic issues with schooling and money. I am attending a community college while I have one child in another community college and I am helping pay her tuition and in 2 month my 2nd child is starting college at a University. If it wasn't for the help of financial aid and scholarships, I would probably have to get a 2nd job and have to leave college myself for the better of my kids and to make sure I am 100% economically involved in my family's financial stability and supporting all their basic needs.

   Community College vs. University Colleges are solely based on the amount of money that a person/household can afford. In all reality a family of 5 with both working and a child graduating even from a population statically speaking at a 80% graduation rate still wouldn't be able to afford to send one child to college without the help of assistance.

 





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