Withdrawing from courses increases the cost of your education, and can delay things like buying a home. The time it takes you to earn your degree lengthens with each course withdrawal, or semester where you take fewer than 15 credit hours. It also increases the cost of your degree, your loan debt if you use loans, and creates loss of career income for the additional periods of future enrollment.
What does this additional debt burden and lost earning potential look like? Let’s review 3 hypothetical students.
- Taylor takes 30 credit hours per term and doesn't withdraw from any courses. She completes her degree in 4 years and moves onto career employment.
- Javier withdrawals from 6 credit hours and takes 5 years to complete his degree.
- Brittany works part-time through school and withdraws from 14 credit hours during her program. She graduates in 6 years.
is based on the 2017-2018 academic year tuition costs. Tuition can increase
every year a student is in school. An estimate of $1000 per year in textbook cost was added to tuition.
jobs for Taylor and Javier are estimated at 30 hours per week for 14 weeks,
$7.25 an hour with no benefits
time year round job for Brittany is estimated at 1040 annual hours at $9 an
hour, with no benefits
level Career salary with about 31% in benefits
Brittany has earned the least amount in
7 years. She has the highest loan repayment and she spent an extra $6,656
in tuition, fees and book expenses.