When evaluating a college or university, it is important to consider whether a similar degree can be obtained at a less expensive school because given the expected resulting income level, you want to make sure you are able to pay back any debt incurred. This consideration helps ensure that you are making a financially sound decision, balancing the cost of education with potential earnings after graduation. It is crucial to assess whether the investment in a more expensive degree aligns with your expected financial outcomes, including salary and debt repayment.
When evaluating a college or university, why is it important to consider whether a similar degree can be obtained at a less expensive school?(1 point) Responses You want to go to a school that is inaccessible to the masses. You want to go to a school that is inaccessible to the masses. You want to make sure you are earning something exclusive. You want to make sure you are earning something exclusive. Given the expected resulting income level, you want to make sure you are able to pay back any debt incurred. Given the expected resulting income level, you want to make sure you are able to pay back any debt incurred. If the degree is obtainable at a less expensive school, it will not be rewarded with a high starting salary.
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