A Do Over! In PODCAST 008 I promised to discuss Five Steps to Make Sure Your College Education Pays. Unfortunately the audio cut off right before we it got to the 5 steps. Several people have brought this to my attention and have asked me for the file. In trying to fix, we realized the best bet would be to just release this as another podcast. So … here it is.
ROI = (increase in salary over period - cost of degree) / cost of degree
Example 1: Working with $25k / year income
Engineering degree pays $60k – increase of $35k / year Cost of degree $30k
2 year ROI = ($35k*2 – $30k) / $30k = 40k/30k = 133%
Working with $25k / yr income
Liberal Arts Degree pays $35k Cost of degree $40K
2 year ROI = ($20k – 40k) / $40k = NEGATIVE
LAST POINT – do not borrow money for education!
Education Money and Debt – Key Links
If you have suggestions for a podcast you would like to hear or a question about an upcoming episode, e-mail me.
Also, if you enjoyed the show, please rate it on iTunes and write a brief review. That would help tremendously in getting the word out! Thanks.
Want to find options to the day job? Sign up to receive my blog posts via e-mail and get a copy of my e-book on FINDING YOUR CALLING FREE.