Context 15 - The Cost of College

Last updated over 1 year ago
46 questions
Note from the author:
MMR Resources
Go to this site and take the career survey by clicking "Get Started"
1

What was your top career cluster based on the survey above?

1

What was your second career cluster based on the survey?

1

What was your third career cluster based on the survey?

1

What is the first career cluster you want to explore for this project? You can use the career clusters from your survey but you don't have to.
Click here for a complete list of options.

1

What is the second career cluster you want to explore for this project? You can use the career clusters from your survey but you don't have to.
Click here for a complete list of options.

1

What is the third career cluster you want to explore for this project? You can use the career clusters from your survey but you don't have to.
Click here for a complete list of options.

1

What is the least amount of money I would be willing to make?

1

What’s the maximum time I’m willing to invest in postsecondary education?

Use this site to explore specific careers that require college as well as those that don't require college.
1

Choose a career cluster from the above website and enter it below.

1

Click on that career cluster and find a specific career that you're interested in that does require a college degree. Enter it below.

1

What is the median salary of your chosen career?

1

What are the educational requirements of your chosen career?

1

Choose a career cluster from the above website and enter it below. This can be the same cluster as before or different.

1

Click on that career cluster and find a specific career that you're interested in that doesn't require a college degree. Enter it below.

1

What is the median salary of your chosen career?

1

What are the educational requirements of your chosen career?

1

Choose any career cluster from the above website that you're interested in and enter it below.

1

Click on that career cluster and find any specific career that you're interested in (it can require a degree or no college). Enter it below.

1

What is the median salary of your chosen career?

1

What are the educational requirements of your chosen career?

1

Choose one career that requires a college degree and find its median salary.
Enter the career and salary below.

1

Using this site, What's the yearly tuition of your chosen school?

1

How many years of college does your chosen degree require?

1

What is the total cost of your chosen major?

Use this site to find the monthly loan payment of your student loan.
  • Enter how much you’d need for college in the Loan Balance box
  • Enter 10 years for the term (this is the typical term for a federal student loan)
1

What would your monthly payment be?

1

How much interest would you pay?

1

How much total will you pay?

1

Using the median salary from your chosen career, what percentage of your income would be going towards student loan payments? Note: It is advised to spend no more than 10% of your monthly salary on student loans.

1

Estimate your 10 year total earnings after student loans have been paid off. To do this, find out how much you’ll make in 10 years in your career and subtract your loans.

1

Choose one career that requires a college degree and find its median salary.
Enter the career and salary below.

1

Find a community college (2 year college). Using this site, What's the yearly tuition of your chosen community college?

1

Choose a college to transfer to after 2 years at the community college and find the yearly tuition of that college using the same site.

1

How many years of college does your chosen degree require?

1

What is the total cost of your chosen major? (This is the cost of the 2 years at the community college plus the cost for your second school)

Use this site to find the monthly loan payment of your student loan.
  • Enter how much you’d need for college in the Loan Balance box
  • Enter 10 years for the term (this is the typical term for a federal student loan)
1

Using this site, what would your monthly payment be?

1

How much interest would you pay?

1

How much total will you pay?

1

Using the median salary from your chosen career, what percentage of your income would be going towards student loan payments? Note: It is advised to spend no more than 10% of your monthly salary on student loans.

1

Estimate your 10 year total earnings after student loans have been paid off.

1

Choose one career that does not require a college degree and find its median salary. Enter the career and salary below.

1

Estimate your 10 year total earnings.

1

By the age of 30, which path will earn the most money?
Remember that with the career path you’ll likely start working right out of high school while the other paths require a few years of college before you start earning.

1

By the age of 45, which path will earn the most money?

1

By retirement, which path will earn the most money?

1

Money isn’t everything. What are some other factors that should be considered when choosing which path to take?

1

Which path are you currently considering?