Paying for Education and Training

Average College Costs

Sample Average Undergraduate Costs, 2005-06

Four Year Public Institutions

Four Year Private Institutions

Resident . . . . . . . . . . . . . . . . . . . . . . . . . .

Out-of-State . . . . . . . . . . . . . . . . . . . . . . .

Resident . . . . . . . . . . . . . . . . . . . . . . . . .

$16,357

$26,304

$33,301

Source: College Board’s Trends in College Pricing, 2006

North Dakota College Costs

• Bismarck State College $9,933 Moler Barber College of Hair Styling $10,204 • Cankdeska Cikana College $8,930 North Dakota State College of Science $8,930 • Dickinson State University $10,264 North Dakota State University $13,070 • Fort Berthold Community College $7,140 Rasmussen College – Bismarck and Fargo

$15,198 • The Hair Academy $13,959 Salon Professional Academy $18,258 • Headquarters Academy of Hair Design $13,865 Sitting Bull College $9,008 • Trend Academy (DBA RD Hairstyling College) $19,715 Trinity Bible College $18,410 • Jamestown College $20,885 Turtle Mountain Community College $6,064 • Josef's School of Hair Design, Fargo $13,771 University of Mary $17,910 • Josef’s School of Hair Design, Grand Forks $13,771 University of North Dakota $12,718 • Lake Region State College $9,408 UND School of Medicine and Health Sciences $35,373 • Mayville State University $10,726 United Tribes Technical College $7,380 • Medcenter One College of Nursing $16,171 Valley City State University $10,829 • Minot State University $11,294 Williston State College $8,330 • Minot State University – Bottineau $9,002

Education Funding Options

*College Savings* Scholarships and Grants* Federal Education Loans* Private Education Loans* Work-Study Programs* Tuition Assistance from Employer* Military Programs

Educ

ation

Earnings

Bureau of Labor Statistics, 2006

How Much is Attending Class Worth?

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

1 2 3 4 5 6 7 8Some high school, no degree

High school diploma, or equivalent

Associate Degree

Professional Degree

Doctoral Degree

Master’s Degree

Bachelor’s Degree

Some college, no degree

Mill

ions

of 2

006

dolla

rs

Worklife earnings estimates by highest level of educational attainment

Source, US Census Bureau, current population survey, educational attainment in the US. 2005

11.2

1.51.6

2.5

2.1

3.4

4.4

Typical Employee Benefits

• Hospitalization, Medical, and Disability Insurance

• Dental and Vision Insurance• Accidental Death Insurance• Sick Leave• Paid Vacation Time and Holidays• Parental Leave

1 of 2

More

Typical Employee Benefits

• Worker’s Compensation Insurance• Life Insurance• Retirement Benefits• Retirement Savings Plans• Employee Assistance Programs

2 of 2

Factors that Can Affect Your Earning Potential

Business Downturn

Being Laid Off

Life-Changing SituationsChanging Careers

Promotions

Relocation

Business Upturn

Additional Training

What other factors can you think of?

A New Job

Being Fired

Advanced Degrees

ready

Set

Go