Paying For College
An opportunity cost is essentially the primary lost opportunity sacrificed as a result of a specific choice (Sexton, 2012). . When alternate outcomes are prohibited or otherwise affected by the pursuit of a specific decision, the choice or choices unmade are opportunity costs.
The opportunity cost associated with my participation in Bethel’s on-line program is related to the financial commitment of being a cash pay student. Paying for college has considerably altered my family’s budget. While I do receive a partial reimbursement for tuition from my employer, the funds have an annual cap of approximately one-third of the total cost of tuition. Secondarily, the time restrictions accompanying my participation in this program limit my family’s vacation and recreational time. We have spent a great deal of time boating over the years and that activity has been significantly reduced as a result of my new schedule, and I regularly miss movie night doing homework. …show more content…
The traditional academic path would likely cause less financial hardship due to the number of less expensive choices in my area that could be used to complete general education requirements. Traditional classrooms would require less self-direction, and I find face to face interaction more effective for digesting complex information and concepts. In my experience attendance in a classroom setting also eliminates the temptation to procrastinate. Nonetheless, the flexibility and convenience of on-line learning edges out the traditional course in my case. On-line learning is the best way to accomplish my academic goals and still maintain a fulltime career in the
The opportunity cost associated with my participation in Bethel’s on-line program is related to the financial commitment of being a cash pay student. Paying for college has considerably altered my family’s budget. While I do receive a partial reimbursement for tuition from my employer, the funds have an annual cap of approximately one-third of the total cost of tuition. Secondarily, the time restrictions accompanying my participation in this program limit my family’s vacation and recreational time. We have spent a great deal of time boating over the years and that activity has been significantly reduced as a result of my new schedule, and I regularly miss movie night doing homework. …show more content…
The traditional academic path would likely cause less financial hardship due to the number of less expensive choices in my area that could be used to complete general education requirements. Traditional classrooms would require less self-direction, and I find face to face interaction more effective for digesting complex information and concepts. In my experience attendance in a classroom setting also eliminates the temptation to procrastinate. Nonetheless, the flexibility and convenience of on-line learning edges out the traditional course in my case. On-line learning is the best way to accomplish my academic goals and still maintain a fulltime career in the