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!