The rising cost of higher education is a source of ongoing debate. So, consider briefly the...

The rising cost of higher education is a source of ongoing debate. So, consider briefly the advantages and disadvantages of attending college. Together, with what you now know about the time value of money, answer the following: How could you justify college attendance to those that may be scared off by the projected costs?

Expert Solution

When you decided to attend college , its something that is one of vital decision of your career.College is that place where every student wants to go atleast sometime in thier student life. While many people feel that college has many advantages but there are some disadvantages of attending college also. The decision to attend college is vital one and getting college degree is also cost money.

Advantages-

1). Students get an experience of outer world in college which they never experienced.

2). In College many companies offers internship program to college to students that can lead to great future.

3).Student in college gain better education and student get to know about real competition.

4). College generally provide more well define education system which helps students in many ways.

Disadvantages-

1). High Cost and Expensive - Colleges are really expensive and costly these days.

2). Students might get influenced by thier peer group and might get into wrong activities.

3).In today's world College degree is not neccneces at all. Many great peoples achieved thier goal by thier skill not by taking expensive College degrees.

Time value of money is idea that money in the present is worth more than the same sum of money received in the future. TVM is greater benifit to receiving sum now rather than later due to its potential capacity.

Many reports shows that the college education are costly for low income students families. The higher price of Colleges is the subject of headlines and media debates. Sometimes its very difficult situation for students to attend college just because of the overall cost of thier college degree finanacif challenges that limit them. But they need to know the real price of College where students can gain the real knowledge and experience to face the outer world. It's also important that students needs to know that attending college will gives them great future.

Rahul Sunny answered 2 years ago

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