The True Cost of Skipping Class You smack
- Slides: 8
The True Cost of Skipping Class You smack the snooze button in the early morning, “Just a few more minutes, Mom…wait, Mom? ” Nope, no Mom, and your responsible roommate has already left for class. You slept through 4 alarms and are now 23 minutes late for class. Well, there’s always tomorrow right? See just how much it costs you, or your parents, or the generous organizations providing you with grants and scholarships, to skip class, even just once in a while.
Yearly Tuition & Fees In-State $21, 200 Out-of-State $41, 158 International $47, 284 *Calculated for Freshman with 15 credits/semester and standard housing/meal plan 2012 -2013 *Note: This does not include program fees
Price Per Credit Hour Undergrad (Lower Division) Or the price of: $420. 75 Designer Handbag Undergrad (Upper Division) Or the price of: $460. 00 4 Tickets to see Matchbox Twenty and the Goo Dolls at DTE Or the price of: Program Fees per Semester. HD LCD 40 inch TV $100. 00$545. 00. *Based off of In-State 2012 -2013 *REMEMBER: This is for a 1 credit class. Most classes are 3 -4 credit hours
That Adds UP! • Per Semester = $512. 78 • Per Year = $1, 025. 57 • In 4 years = $4, 102. 31 *Based off of In-State 2012 -2013 for skipping of a 3 credit class period (1 ½ hours)
Financial Aid Spent on Skipped Classes On average, full-time students receive financial aid. That means that approximately $15, 000 per year in 10% of your financial aid each year is spent on skipped classes. Over 4 years, $57, 129 of debt for classes you attended $2, 871 of debt for classes you skipped *Assuming at least 70% of your financial aid is student/parent loans
Earn Back Your Lost Money! Only 56% of the class of 2010 had a job 1 year after graduating If you get a job, check out how long it will take to pay off your debt: 131 hours of work Male college grads earn an average of $21. 68/hour 152 hours of work Female college grads earn an average of $18. 80/hour *That’s just for your SKIPPED classes, not including other debt
Why Do Students Skip? 20% 55% 12% 7% Just Couldn't Get Out Of Bed [55%] Wanted to Enjoy the Beautiful Weather [2%] Felt Social Time Took Precedence [12%] Were Getting Busy…Just Not Academically [7%] Had Some Serious TV Watching To Do [4%] Were Hungover [2%] 2% 4% Other common Excuses: -Too lazy -Not expecting anything “important” to happen in class -Doctor or other appointment EXCUSE They could be lying, About 1 in 3 US workers have used a fake excuse to get out of work - college students are no exception.
The After Effects Those who waste time in college are: 3 X more likely to be unemployed 2 X more likely to live with their parents
