http://studenomics.com/current-students/financial-burden-of-failing-a-course/ Fri, 10 Feb 2012 19:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://studenomics.com/current-students/financial-burden-of-failing-a-course/#comment-1068 Steve Tue, 03 Feb 2009 23:24:33 +0000 http://studenomics.com/?p=536#comment-1068 All of these are great points. I tend to look at opportunity cost a little differently. Many classes are only offered during a particular semester. If you fail a core class, you may have to wait a full year to retake the class. This just might push your graduation a full year back. Pushing graduation back means you start working a year later, which means your income takes a severe hit for one year. The best advice I was ever given was to start investing for retirement as early as possible. Failing that one class just might push your retirement back more than one year when you think about the magic of compound interest. All of these are great points. I tend to look at opportunity cost a little differently. Many classes are only offered during a particular semester. If you fail a core class, you may have to wait a full year to retake the class. This just might push your graduation a full year back. Pushing graduation back means you start working a year later, which means your income takes a severe hit for one year. The best advice I was ever given was to start investing for retirement as early as possible. Failing that one class just might push your retirement back more than one year when you think about the magic of compound interest.

]]> http://studenomics.com/current-students/financial-burden-of-failing-a-course/#comment-1067 Studenomist Tue, 03 Feb 2009 22:21:31 +0000 http://studenomics.com/?p=536#comment-1067 I forgot to mention that one common comeback to failing a course is that people will say the course has a high failure rate. You know what I do before I take a course with a high failure rate? I do a practice run the semester before. I try to attend as many of the lectures as possible and try to obtain a few sample exams just to know what I have in store for me when I do take the course. I wouldn't recommend doing this often, in fact I would only recommend doing it before taking a course that you honestly think you will fail no matter how hard you try. I forgot to mention that one common comeback to failing a course is that people will say the course has a high failure rate. You know what I do before I take a course with a high failure rate? I do a practice run the semester before. I try to attend as many of the lectures as possible and try to obtain a few sample exams just to know what I have in store for me when I do take the course. I wouldn’t recommend doing this often, in fact I would only recommend doing it before taking a course that you honestly think you will fail no matter how hard you try.

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