Are College Degrees Worth the Fees?

KAHOOT VERSION

Paying for College

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1. How much did the price of college tuition and fees increase between 2000 and 2020?

1. 57%
2. 102%
3. 164%
4. 589%

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

1. How much did the price of college tuition and fees increase between 2000 and 2020?

• 57%
• 102%
• 164%
• 589%

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

2. How much student loan debt existed in the U.S. in January of 2021?

1. $1.71 million
2. $1.71 billion
3. $11.71 billion
4. $1.71 trillion

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

2. How much student loan debt existed in the U.S. in January of 2021?

• $1.71 million
• $1.71 billion
• $11.71 billion
• $1.71 trillion

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

3. People with college degrees make about _________ more than those without degrees throughout their careers.

• $30,000
• $250,000
• $500,000
• $1,000,000

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

3. People with college degrees make about _________ more than those without degrees throughout their careers.

• $30,000
• $250,000
• $500,000
• $1,000,000

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

4. All of the following are shown to be true for college grads, except:

• They are healthier than those without degrees.
• They sleep better than those without degrees.
• They are happier than those without degrees.
• They live longer than those without degrees.

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

4. All of the following are shown to be true for college grads, except:

• They are healthier than those without degrees.
• They sleep better than those without degrees.
• They are happier than those without degrees.
• They live longer than those without degrees.

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

5. Which of the following options is the best deal when borrowing money for college?

• Private student loans
• Federal student loans
• Credit cards
• Personal loans

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

5. Which of the following options is the best deal when borrowing money for college?

• Private student loans
• Federal student loans
• Credit cards
• Personal loans

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Do you think college is a worthwhile investment today? Why or why not?

ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• INTERACTIVE: Payback (Arcade)
• CALCULATE: What is the Value of a College Education? (Activity)
• Alternatives to 4-Year Colleges (Mini-Unit)

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References:

• You’ve Received the College Financial-Aid Offer. Now What? (WSJ)
• After The Pandemic, Will College Tuition Become Cheaper? (Forbes)
• Is a College Education Worth it? (Britannica)
• Best major to finding purpose in life - going to college affects your happiness (CNBC)
• Do College Graduates Make More Money Than High School Graduates? (Study.com)
• College Tuition Inflation Calculator (in2013dollars.com)

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ARE COLLEGE DEGREES WORTH THE FEES? | FEBRUARY 5, 2021 EDITION | NEXT GEN PERSONAL FINANCE