Notes

In this lecture, we will discuss the true hidden cost of college that no one ever thinks about.

When you look at universities, chances are you only look at your degree price but what if I told you the degree price is less than 40% of your actual cost no matter how expensive the degree is?
If you spend 4-6 years in school, that's 4-6 years of work or $160,000-$240,000 that you would be missing out on if you made around $40,000 a year working.
In most places across the country, people live paycheck to paycheck and while you already know this, I must emphasize how hard it really is to get out of debt.
So let's truly cover the real cost of college.
For each year you are in school you are spending loads on your rent and degree and many other things like cars, eating out, and necessities.

This could easily add up to more than $50,000 a year but it will likely be reduced by aid so let's say $33,000.
If you include the fact that for each year in school, you are missing out on working which is around $40,000 that you are throwing away.

Now. If you spend 5 years in college, the true cost would be in the hundreds of thousands. Also remember that resume gaps could be problematic in your career if it's big. This is why our goal is to save you as much time as possible because time is really money. Be aware of what you miss out on by staying an extra year in college. The extra interest is not worth it because the longer you wait to pay back loans, the more impossible it gets.