EverFi: Return on Investment

Why would researching the average earnings by major and by career be useful to you as you choose an institute for higher education?

It can help you calculate the return on investment.

Jeremiah works at a pet store. He went to a community college but didn't finish. He has some student loans now. What kind of return on investment (ROI) does Jeremiah demonstrate?

Negative ROI

Are net costs or sticker prices lower for higher education and why?

Net costs are lower since they include all scholarships, grants and special program financing.

Which is an example of why higher education typically has a positive return on investment (ROI)?

The jobs you get with higher education will earn more money than jobs without a degree or certificate.

Buying used textbooks, cooking your own meals and biking instead of driving can all reduce the _____.

full costs of higher education

Taking more than four years to graduate will increase costs and may impact a return on investment. What could you check to see how long most students take to finish at an institute of higher education?

graduation rate

Choosing the higher education institution with the cheapest sticker price might be a bad idea because _____.

more expensive schools may be cheaper once the net cost has been determined.

A _____ can help you estimate how much money you might get in scholarships and grants at a given institution of higher education

net price calculator

If your earning potential is higher than the cost of your higher education, you will have a _____.

positive return on investment for higher education

The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as _____.

the sticker price