Final answer:
When deciding to attend a college that doesn't offer the most financial aid, other factors to consider include personal financial situation, future earning potential, graduation rates, and academic support services.
Step-by-step explanation:
Attending college is another case where the opportunity cost exceeds the monetary cost. The out-of-pocket costs of attending college include tuition, books, room and board, and other expenses. However, in addition, during the hours that you are attending class and studying, it is impossible to work at a paying job. Thus, college imposes both an out-of-pocket cost and an opportunity cost of lost earnings.
Another factor to consider when deciding to attend a college that doesn't offer the most financial aid is your personal financial situation and future earning potential. You may be interested in a career that requires expensive training, and you would need to consider what kind of financial support is available to you. Additionally, you should consider if the chosen field's earning potential will match your financial requirements.
Finally, you might also consider other factors such as graduation rates or academic support services offered by the college. If you believe that more students would graduate if the college provided more financial aid, you would look for facts and statistics that show students who receive financial aid in the form of grants are more likely to graduate. On the other hand, if you believe that students would graduate if they took advantage of academic support services, you would look for facts and statistics that show students who use academic support services graduate in higher numbers.