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What is a cost of attending college that is not an opportunity cost?

Opportunity cost Question?

  • If they are asking describe an opportunity cost for example how would you write it based off this: Attend college instead of taking a job. The opportunity of attending college is not making money. Would that be the right way to write it?

  • Answer:

    Opportunity cost is always your second best option. The opportunity cost of attending college is going to work immediately, and making money for the 4 (or more) years you would be in college. The reason so many people choose college is that they expect the return from whatever job they have after graduation to be great enough to cover the cost of college and still outweigh what they would have made by going straight to work without a college education.

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Opportunity cost is a cost you are willing to absorb or bear as it is like an investment that will yield financial profits in the future (can be short or long term). It is like calculating the ROI on an investment including a discounted cash flow analysis. A company will take on debt or cost to invest in a piece of equipment that will increase their production based on a return on investment analysis with a discounted cash flow which calculates the present and future value of the dollars expected to return.

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