Let's determine if your collegiate investment was worthwhile from a finance point of view by my age, 52.

First, if you had not not gone to college: you would have expected to make $30,000 a year starting when you were 18 and growing by 3% through age 52. If you had gone to college at 18, for four years you would pay $25,000 every year, and then graduate when you are 22 years old. Your first job would pay you $50,000 and your annual raises would be expected at 5% per year. You would have higher expenses of $5000 per year. Assume your tax rate is 20% if EBT if less than $50,000 per year, 30% if >$50,000. Your opportunity cost of capital, the rate of return lost by spending money on college, is 6%, determined by a long-term bond fund.

Calculate NPV and IRR