Your comment to each question has to be more than five(5) sentences based on researched facts and logical analysis to earn the full credit. Also your response to other has to be more than five(5) sentences based on researched facts and logical analysis to earn the full credit.
Opportunity cost of college education
Many college students have a doubt about staying in the college. Because the cost of college education is creeping up and many financially successful business people do not have college education.(successful stories of college drop outs such as Bill Gates,Steve Jobs, Larry Ellison, Michael Dell etc.)
Equally it’s true many successful people have a solid college education background .
There is a debate whether a college education is still a good investment for future financial payoffs over huge student debt.
Q1) what’s the opportunity cost of typical college education? what’s your personal opportunity cost?(0.5 point)
Q2) Compare earning potentials between high school and college graduates through life time active career.(0.5 point)
Q3) what’s your opinion about staying or dropping out from the college?
Will the possible forgiveness of student loan affect your decision on staying college? (0.5 point) Q4) Since the future will be highly technology oriented, will the higher education be very necessary ? Because the robot with artificial intelligence can replace many jobs of human labor in the future.(0.5 point)
Q5) On the other hand, suppose you are a brilliant, successful value investor of young Warren Buffett who is a founder of Berkshire Hathaway(BRK.A). You think that college education is unnecessary, because the opportunity cost of staying a college is too expensive. The reason is that the financial gain of investing on one company with your college tuition will be far greater than the earning potential with a college degree for the next three decades. If so, which one company to invest on for the next three decades will make you give up college education? Do you think which company will replace the success of Berkshire Hathaway for the next three decades? ( Benjamin Graham’s Value investment : invest on a company with great product, great management, great financial condition with low debt, and great consistent past earning record and consistent future earning potential with protection of industry entry barrier).(0.5 point)
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