Based on annual income for your desired occupation ($83,801.60) , subtract this from what you would earn without your degree (use the minimum wage or approximate wage of $13 per hour). The difference is a ballpark estimate of the return on your college education investment. Divide total costs by the annual increase in earnings, and this is your payback period. Specify your payback period. ______________.

1. How long will it take you to payback the investment or earn back all of the money you have invested and will invest in your education?

2. Does it seem like a good investment? Can you think of another investment that would give you as large a return? Will the return on another investment last as long?

3. What are some of the things which you might do to reduce your educational costs?

4. What might you do to increase your annual income after graduation?