Reply to "College Seniors Returning for Extra Year"

Tres Elakes 241,000+ posts

@old_school posted:

I guess it is all relative, what would you give to be a kid and play baseball for another? I figure they have the rest of their lives to work and build a career....I would give a whole lot for that year again, I think most would

I'm reminded of the example they use in business school to explain opportunity cost. Because that is in play when a kid defers a year of working/earning to go back to school. It went like this.....if you own a hotel and you don't rent a room on Friday night, you can't rent it twice on Saturday night to make up for the lost night.

So it's not just the cost of the tuition- it's the missed income that wasn't earned.

8/7/204:11 PM

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