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Could you use an additional $2,982,912?
by Dave Adams
T
hat’s the amount you can expect to earn on an investment by the time you retire if you invest the money you save by taking the first two years of your bachelor’s degree at Oakland Community College, and the second two years at a public, four-year Michigan university.The potential return is even greater if you choose to attend a private institution for your bachelor’s degree.
Your Savings: $5,826
Your
Savings: $17,834
Note: Statewide tuition and fee figures compiled by the U.S. Department of Education and published in the Chronicle of Higher Education 2000-2001 Almanac Issue. OCC
figures based on 30 credit hours per academic year at the in-district rate of $50.30 per credit hour, $10 per semester technology fee, and $23 per semester registration fee.
Transportation, textbooks room and board are not included. The earnings on the investment assumes $5,200 invested tax free at 14.4 percent for 45 years.