Attending high school is one of the many steps to critically understanding literature and developing one’s ground-breaking thinking. As many high schools pride themselves on creating safe space, advanced education, and innovation as well as great sportsmanship for their students, the probability gap of opportunity cost for attending high school has grown rapidly over the years among students. So lets’ start with Is The Opportunity Cost Of Attending High School The Same For All Students?
Does the opportunity cost the same for all students?
Educational psychologists have argued that the opportunity cost of attending high school is not the same for all students, high school pupils come from different backgrounds which leads to the alternative the use of their time will differ (numerade.com). The background of a student is a critical factor in the inequality of opportunity costs, privileged students can find it cheap or easy to pay their fees, travel to school, find time for sporting activities, or rather afford a private tutor. On the other hand, less privileged students might need to spend more money and time at the library, find weekend work to buy lunch, sustain good grades to keep funder if funded, do house chores, travel long distances to school, or perhaps can’t committee to extra activities because they lack the finance to buy gear. While the opportunity cost amongst high school students is not equal, the chase for college admission is the same.
What does high school opportunity cost mean?
Going to high cost comes with many costs, particularly for the attendee. While many high schools will offer various services to help pupils develop their many talents, these services come with financial liabilities to whoever is paying your high school tuition. As such, opportunity costs of attending high school are believed to contain the cost of tuition or life associated costs and other instances income, experience, and any pleasure you lose out on because you picked attending high school (college.compareer.com). Simple put “this economics term refers to the value of whatever a person gives up choosing something else, to attend high school one might halt on some leisure time such dance, vacation, swimming or be it their salary and employment (www.quora.com). Schooling for knowledge or equipping yourself with a certain skill in our days is costly, this might be both be financial cost or time consuming as an effort to pursue high school education.
Opportunity cost of attending high school.
As elaborated above the opportunity cost of attending high school can either be financially or simply take away some of the things you like doing. According to the Chegg website, opportunity costs are regarded as the loss of other options when another alternative is preferred (www.chegg.com). When an individual is in pursuit of their high school education this will result in the cost of some opportunities which could either cost you money or cost you time. In this regard opportunity cost is simply a way of analyzing your choices as time and money are limited resources (college.compareer.com). High school might be a valued measure of individual development, but it comes with opportunity costs, see below.
- Parents’ salary or wages (paying your education).
- Time consumed learning at high school.
- Cost of attending high school.
- High school graduate receives minimum wage after graduating.
- Studying unrelated information towards your desired college qualification.
- Low child casual contribution to the household.
- Cost of books, equipment, and sporting gear.
- Cost of transportation and food.
- Family time and leisure.
Is it important to analyze opportunity costs?
Without a doubt graduating high school is a critical step toward your higher education and probably to develop a certain skill and experience. As highlighted above opportunity costs are both financial and time-consuming, so the question of whether it is important to attend high school will arise. Though this article cannot offer a comprehensive response to that question, it is important to note that measuring your high school opportunity costs is a critical initiative. Measuring your high school opportunity cost can help your strategies as to how to fund your schooling, which school to attend, at what age must you complete, and which school provides what sports and activities or facilities. It can also inform you about time management and subject prioritization.
How does unequal opportunity to cost affect school
As I have elaborated and determined that opportunity cost among high school students remains unequal or rather not the same. The query of how this inequality disturbs education is then forwarded, to understand the effect of unequal opportunity to cost one must first appreciate that the world we currently live in remains divided and unequal in all aspects of life. This inequality is mainly perpetuated by the need to dominate and superiority, these qualities are both of human nature though it has created a divide concerning the have and have not students. Attaining high school qualifications bares many financial costs because attending high school in our days determines your employability status, college or university entry, and salary we see students and parents overlooking all other potential alternatives.
Why does attending high school involve opportunity cost
For the fact that opportunity cost goes beyond the concept of economics, it is thus critical to escalate that opportunity cost can be incurred regardless of your financial spending. For instance, it might be an equal opportunity cost for both a student who attended a private high school and that who attend a public school that is not well equipped. Both their opportunity cost might be evoked by lacking one’s experience and education attained. The distinction between the has and has not drawn a significant understanding of why attending high school has unequal opportunity costs for students. While students might benefit from opting for public school and forgoing an expensive high school the value of what it would have cost them superseded the value of attaining eligibility for college.
Conclusion
Opportunity cost is the cost of opting for one opportunity and opting for another opportunity, this cost relates to the choices we make to improve our lives such as attending school. The opportunity cost of attending high school is assumed to be high in some instances and of course, contributes to our livelihoods and affordability. This article discussed these elements and differences and responded to the question, is the opportunity cost of attending high school the same for all students? All findings concluded that the opportunity cost of attending high school is not the same among students.
