Delaying college in the pandemic could cost you: Study says students could lose $90,000 over their lifetime

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There could be a downside to delaying college by a year: the potential loss of $90,000 in lifetime earnings, according to a recent study.

At the same time, the pandemic has narrowed options for gap-year students, with more hurdles to international travel and fewer internships available. With fewer alternatives to college, students are facing a limited set of choices that may make higher education more attractive, not less. For instance, before the pandemic, an 18-year-old high-school grad might have decided to start her career rather than enrolling in college and forgoing a year of income.

Of course, families and students are weighing much more than income and unemployment numbers, something that the economists acknowledge. “These are complex decisions and you have to think through them to make the best decision,” Abel says. “In thinking about the economic costs and benefits, it should be part of the set of information that's considered.”

Tarapolsi notes that she was also concerned about paying for a freshman year that wouldn’t be a typical experience. Even though some classes would have been held in person, others would be online. And students would return home after Thanksgiving break.

 

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This is how the “study” came up with that nonsensical $90k figure. Holy shit. Do better .

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