Paying for Education and TrainingPaying for Education and Training

NORTH DAKOTA PERSONAL FINANCE EDUCATION

Average College CostsSample 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 CostsBismarck State College $9,933

Cankdeska Cikana College $8,930

Dickinson State University $10,264

Fort Berthold Community College $7,140

The Hair Academy $13,959

Headquarters Academy of Hair Design $13,865

Trend Academy (dba RD Hairstyling College) $19,715

Jamestown College $20,885

Josef's School of Hair Design, Fargo $13,771

Josef’s School of Hair Design, Grand Forks $13,771

Lake Region State College $9,408

Mayville State University $10,726

Medcenter One College of Nursing $16,171

Minot State University $11,294

Minot State University – Bottineau $9,002

Moler Barber College of Hair Styling $10,204

North Dakota State College of Science $8,930

North Dakota State University $13,070

Rasmussen College – Bismarck and Fargo $15,198

Salon Professional Academy $18,258

Sitting Bull College $9,008

Trinity Bible College $18,410

Turtle Mountain Community College $6,064

University of Mary $17,910

University of North Dakota $12,718

UND School of Medicine and Health Sciences $35,373

United Tribes Technical College $7,380

Valley City State University $10,829

Williston State College $8,330

Education Funding Options

•College savings

•Scholarships and grants

•Federal education loans

•Private education loans

•Work-study programs

•Tuition assistance from employer

•Military programs

Ed

uca

tion E

arn

ing

s

Bureau of Labor Statistics, 2006

How Much is Class Worth?Worklife earnings estimates by highest level of educational attainment

Mill

ions

of

2006 d

olla

rs

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

5

1 2 3 4 5 6 7 8

11.2

1.5 1.6

2.5

2.1

3.4

4.4

Some 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

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

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

• Workers’ 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?

New job

Being fired

Advanced degrees

Ready Set

GoReady Set

Go