Is Your Procrastination Costing You Big Bucks?
Updated: Sep 11, 2020
"The most important investment you can make is in yourself." - Warren Buffett
You don’t feel like rolling out of bed for that 8am class. You were too busy at your side job to complete your paper for class. Your professor is so boring that you can’t’ keep your eyes open, let alone take good notes.
These all seem to be reasonable reasons for not doing well in class. But will these reasonable reasons pay your tuition bill? Each class that you miss is costing you money. Each failing grade is costing you money. That boring professor? Well, the notes you didn’t take just cost you money.
Have you ever taken a look at your tuition bill?
Let’s say your tuition plus room and board equals $23,215/semester (insert correct amount) now divide that by the number of credits you are taking, for the purpose of this exercise let’s say 12. That gives us the answer of $1935./credit. Most college classes are three credits so each class is costing you $5805.
Total cost per semester ÷ number of credits taking=cost per credit x number of credits/class=total cost per class.
Using the example numbers we used above, if you fail a class it will cost you $5805. Wow! Not only do you have to pay for that class twice (because you do have to retake required classes) which will cost you $11610. So not only will the class you didn’t like cost you a lot of money you will get to sit through it twice and it could possibly hold you up from taking other classes and change your graduation schedule.
Ouch! This week let’s take a look at your expenses and find ways to cut expenses, eliminate procrastination, and remove distractions to your success.
C.A.N. is here for you to ensure that you are up to the challenges that lay ahead. If you would like to discuss the transition to college and how C.A.N. can be of assistance, please fill out the contact us page on our website. http://www.canstudentconsultants.com/