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The Cost of Not Knowing

THE COST OF NOT KNOWING Switching from major to major in college can waste time, and the cost can really add up. But one quick test can save you thousands on a college degree. WHY A COLLEGE DEGREE IS IMPORTANT Highest level of education obtained Potential 2012 lifetime earnings unemployment rate HIGH SCHOOL $1,371,000 8.3% DIPLOMA x'.y'<(x+y) ASSOCIATE'S $1,813,000 6.2% DEGREE BACHELOR'S $2,422,000 4.5% DEGREE THE COSTS OF SWITCHING MAJORS TIME MONEY When students change their major, they risk not graduating on time. Thousands of dollars are spent on the additional cost of a college education. % of students who graduate within 6 yrs PUBLIC VS PRIVATE UP TO 1-yr tuition 50% 58% from 4-yr $17,860 $39,860 institutions Each semester 51% from 2-yr $8,930 $19,759 institutions 6 YRS $107,160 $237,108 ARE UNDECIDED Researchers believe many freshmen have difficulty deciding on their chosen field of study or career path. SPENT IN SCHOOL $35,720 TAKE THE SELF-DIRECTED SEARCH $9.95 OR additional tuition at a public university $79,036 and 20-30 minutes Avoid wasting time and money by identifying which college majors and careers are right for you. additional tuition at a private university John Holland's | SELF-DIRECTED Visit SDS SEARCH and find your future! SOURCES: U.S. Census Bureau, 2011 American Community Survey. | Bureau of Labor Statistics, Current Population Survey. | University of South Florida, "An Exploration of Undeclared Students' Expectations of Experiences for Faculty Interactions and Co-Curricular Involvement" by Lorie Anne Kittendorf. | U.S. Department of Education, "Occupational and Academic Majors in Postsecondary Education: 6-Year Education and Employment Outcomes, 2001 and 2009." | The College Board, "Trends in College Pricing 2012." | U.S. Department of Education, National Center for Education Statistics, "The Condition of Education 2011." | National Student Clearinghouse Research Center, "Completing College: A State-Level View of Student Attainment Rates."

The Cost of Not Knowing

shared by PAR_Inc on Sep 03
Choosing the right career is hard, but has a huge impact on happiness and more. The SDS can help provide guidance to those who are unsure, and help save some money on their college education in the pr...




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