What is a major opportunity cost of going to college on a full-time basis?
A) the cost of transportation to college instead of to a job
B) the cost of living expenses (room and board) to attend college
C) the forgone income that would have been earned working in a full-time job
D) the greater income that will be earned from having a college degree

Question

Quizplus · Accepted Answer

Going to college full-time means not being able to work a full-time job, resulting in forgone income. This is a significant opportunity cost that should be considered when deciding whether to attend college full-time or work full-time. A and B are also costs associated with attending college, but they are not as significant as the forgone income from not working. D is not an opportunity cost, but rather a potential benefit gained from having a college degree.

What Is a Major Opportunity Cost of Going to College