Reply to "College Seniors Returning for Extra Year"

old_school10,000+ posts

@Tres Elakes 24 posted:
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.

That year of earning should be the lowest earning year of your career, if you are in grad school it isn’t wasted and if you are really successful with the career you spent 150 to 250k to get educated for those first year earnings are essentially nothing...just a matter of perspective I guess.

I feel the you are referencing the business professor wanting to discuss widgets in back to school.

8/7/208:11 PM

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