Extra Credit (Fall 2005)

High school activity (meets national standards for grades 11 and 12)

Education and expected future income play a big part in this exercise. Too often new college students or recent graduates expect a salary that is out of step with their anticipated career choice.

Related Links
Activity: Upper middle and high school
Making budgets real for your students

The purpose of these activities is to lessen the gap between students’ choice of career and their expectations about entry-level salary or the cost of education for that career.

  1. Have students visit Web sites of local community colleges and universities and compare current tuition costs with those of colleges and universities out of town.
  2. Have students visit online bank Web sites, like bankrate.com, to research the true cost of borrowing money for college expenses. Compare interest rates paid on money borrowed versus interest earned on basic savings accounts or certificates of deposit.
  3. Have students check career service Web sites like monster.com or payscale.com to compare real-life salaries for their chosen career path. Additionally, inform students that the Occupational Outlook Handbook, which can be accessed online at the Department of Labor’s Web site at dol.gov, gives excellent summary information on education requirements, employment possibilities, and salary ranges for a multitude of job titles.
  4. During class, discuss with students the results of their research findings.
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