Business 9, Lesson 175 – College Tuition

Throughout this course, Dr. North has touched on the topic of college many times.  Each time he advises skipping the first two years of college by taking CLEP courses and to only enter in your junior year.  Even then, he advises to do college from home if you are able to.  This way of college is much better than the traditional way as it saves your parents money.  In this essay, I am going to talk about would I be better off if my parents will give me a college graduation present: half of the money they presently plan to pay for my college costs.

Before I begin, I would like to state that Dr. North gave this essay prompt with the assumption that the student would follow his plan.  I personally think that this idea is a great one, however I unable to implement it.  CLEP exams are an American program.  Now that I live in Asia, and will probably be doing college in Asia, CLEP exams have no meaning to any college.  No college will accept CLEP credits.

But for the sake of the essay, let’s pretend that I go to an American college and I use Dr. North’s plan.

At graduation my parents give me half of my college tuition funds.  Would this benefit me more than them paying for my tuition?

Yes, I think so.  Assuming that I only pay for junior and senior year of college, I would have only paid half of what my peers did.   Then, when my parents give me half of my college funds, I will have gained the amount of money I paid. 

As you can see, my parents giving me half of my college tuition as a graduation present is better than them paying for all of my college experience.  With the money I can find my own apartment and have funds in my savings for when I join the workforce.