college & money
Post on 06-Jan-2016
61 Views
Preview:
DESCRIPTION
TRANSCRIPT
College & Money
c/MAJ Colin Pothoff
Why Go To College? Questions:
Do you need to go to college to be rich?
Do you need to go to college to be famous?
Do you need to go to college to succeed in life?
Unemployment Rates
How Does College Pay Off? It increases your employment
opportunities It makes it easier for you to relocate
It makes you employable
It usually increases the amount of money you are paid
Working For a Pay Check $7.25/Hour = $290W - $1,160/M -
$13,920/Y
$ 8.00/Hour = $320W - $1,280/M - $16,640/Y
$ 9.00/Hour = $360W - $1,440/M - $18,720/Y
$10.00/Hour = $400W - $1,600/M - $20,800/Y
$12.00/Hour = $480W - $1,920/M - $23,040/Y
Paying The Bills! $12.00/Hour = $23,040/Y $23,040 - $9,600/Y – Rent @$800/M $13,440 - $3,000/Y – Utilities @$250/M $10,440 - $2,400/Y – Gas For Car
@$200/M $8,040 - $900/Y – Insurance @$75/M $7,140 - $5,200/Y – Food @ $100 per
week $1,940 – Clothes, Social Life &
Vacations
How Does College Pay Off? Note that these are only estimates and
it is not a guarantee that you will make this amount of money when you graduate!
AA/AS - $30 - $35,000 Per Year
BA/BS - $37 - $47,000 Per Year
MA/MS - $50 - $80,000 Per Year
PHD/MD – 100,000+
High School Drop Out
From 18 to 74 years of age. Earning $20,800/year. Life time - $1,164,800 Annual - $20,800 Monthly - $1,733 Weekly - $433
High School Graduate
From 18 to 74 years of age. Earning $24,600/year. Life time – $1,377,600. Annual - $24,600. Monthly - $2,050. Weekly - $512.
Associates/Associates Science
From 20 years to 74 years of age. Earning $32,500/year. Life time - $1,755,000. Annual - $32,500. Monthly - $2708. Weekly - $677.
Bachelors/ Bachelors Science
From 22 to 74 years of age. Earning $42,000/year. Life time - $2,184,000. Annual - $42,000. Monthly - $3500. Weekly – $875.
Masters/ Masters Science
From 24 to 74 years of age. Earning $65,000/year. Life time - $3,250,000. Annual - $65,000. Monthly - $5,416. Weekly - $1,354.
Professional Degree
From 28 to 74 years of age. Earning $110,000/year. Life time - $5,060,000. Annual - $110,000. Monthly - $9166. Weekly - $2291.
The difference! The difference between life time earnings
are: Drop out – High School Graduate
$212,800. High School Graduate – Associates
$377,400. Associates – Bachelors
$429,000. Bachelors - Masters
$1,066,000. Masters – Professional
$1,810,000.
Scholarship Information:
www.aiuniv.edu www.gacollege411.org www.fastweb.com www.collegeandfinance.com www.wacky-scholarships.com www.fafsa.gov.ed
Make It Happen!!! $43,000/Y - $11,610 Taxes &
Insurance $31,390 - $9,600/Y – Rent @$800/M $21,790 - $3,000/Y – Utilities
@$250/M $18,790 - $2,400/Y – Gas For Car
@$200/M $16,390 - $900/Y – Insurance
@$75/M $15,490 - $5,200/Y – Food @$100
per week +$10,290
Words of wisdom
College or die. Simply put!
top related