The opportunity cost of going to college includes two parts: explicit cost and implicit cost. The explicit cost is all the expenses for students to go to college, and the implicit cost is the income for students to choose to go to college and give up working outside.

There used to be a formula for calculating the cost of going to college, which was widely circulated on the Internet. A university uses this formula to calculate the opportunity cost of going to school every day through the explicit expenditure of students in five aspects: study, food, clothing, housing and transportation.

The advantages of going to college

Going to college can improve your learning ability, professional quality and technical work ability. The biggest difference between going to college and not going to college is that after going to college, you can apply what you have learned to your work and know the methods and skills, while those who have not gone to college may only know how to do things step by step, but not how to use some methods.

Going to college has three advantages: finding a satisfactory job, improving work efficiency and promoting personal career development. The goal of going to college is employment, which is the most direct and fundamental interest. You can find a better job by going to college. After work, due to the knowledge and ability level of the university, I can integrate into the work more quickly, improve work efficiency, effectively promote the development of individual professional students, and keep myself from being dismissed for a long time.