Opportunity Cost for Paying for Classes

Education is critical, especially with the current innovations and development in technology that is taking place is essential. Parents should ensure that children get the best education they can since things are changing that need someone to be more advanced for them to interact with other people and the latest technology.

Therefore, students need to see the importance of attending classes and pay for their semesters to avoid inconveniences and be in style. The opportunity cost of attending classes is the cost of tuition, and any other associated costs that you will have to miss out on and pleasures you will miss for attending classes. Hence, getting the chance to achieve your goals by having a college degree will enable you to gain employment.

            Many people attend colleges for so many reasons, and most of them are because they believe that if you attend college, they’re a lot more opportunities than the person who has not participated. College students are more willing to pay for college because they believe that getting a degree gives them a chance to get the kind of job they expect. Moreover, forgetting that college does cost a lot and it’s not guaranteed that there is a job for them after graduation and will also engage them in other expenses of paying for the loans they took to pay for college. In contrast, others get to attend colleges due to peer pressure from parents who have believed that college is the only way their children can make a living. Others attend college just because they have seen their friends and relatives going to college, so they think them been there, the society will respect them for having to work and getting a degree.

Work Cited

Goldrick-Rab, Sara. Paying the price. University of Chicago Press, 2021.

Boatman, Angela, Brent J. Evans, and Adela Soliz. “Understanding loan aversion in education: Evidence from high school seniors, community college students, and adults.” AERA Open 3.1 (2017): 2332858416683649.