Education is important. Education is expensive. While the importance of education remains steady, the cost of education continues to rise.
Cost of education can be broken down to two factors, time and money. A typical college education requires four years of schooling to complete. It is safe to assume that the average salary of an American worker is approximately $40,000 per year. This means that in order for the average American to attain a four year degree, they must give up approximately $160,000 in possible wages. Furthermore, they would be liable to pay for tuition, books, and other educational expenses.