Graduating From College Early: Is The Money Saved Worth Missing Senior Year?
This post was written by our friends at forbes.com
At the College Board average, if students graduate in three years instead of the expected four, they will save approximately $42,419 at a private four-year university or $32,762 at a public in-state university. Currently, the majority (69%) of college students graduate with student loan debt, an average of $28,400 per borrower. The money saved from one year of private school is enough to pay back that debt with $14,000 left over – $14000 which can pay for a Brooklyn loft share for ten months, or a new Toyota Yaris sedan, or 22,105 cans of domestic beer.
June 28, 2015