The Cost to Educate a President [Infographic]
It takes a pretty smart person to run a country like the United States, but just how much schooling do you think it takes? Here we will take a look at the education that both President Barack Obama has gone through and the other running candidate, Mitt Romney.
Before college, President Obama spent $153,600 plus unknown elementary school costs in his education. He attended Santo Fransiskus Asisi Catholic School and Besuki Elementary school for 4 years in Jakarta, Indonesia. From there he went 8 years to Punahou Academy in Hawaii. Although President Obama went to a few different schools, Mitt Romney spent preschool through 12th grade in Michigan and spent between $18,900 and $38,000 a year on schooling depending on the grade.
Next, onto their undergraduate degrees. Obama went to Occidental College in Los Angeles for two years with a total cost of $43,490 a year. He then transferred to Columbia University for two years in New York with a total cost of $22,514 a year. He then got his Bachelors degree in Political Science, totaling up to be $132,008. Compared to Romney who went to Stanford University for a year in California for the total cost of $41,250 and finishing up at Brigham Young University for three years in Utah for a cost of $4,560 per year. Romney’s degree totaled up to $54,930, a lot less for a Bachelor’s degree than Obama spent.
After undergraduate school, both candidates went to Grad School. President Obama went to Harvard University for 3 years in Boston, spending $149,850 in total for his degree. Mitt Romney also went to Harvard University but for 4 years for a total of $214,000 in total.
So, how exactly did the president and his running candidate pay for their expensive schooling? Obama took out student loans for his schooling in which he paid off all his loans in 2004. However, Romney went down a different path and sold “a few thousand dollars worth” of stock from his father. Education definitely matters, so, where is your future going? Could you be the next President of the United States?
Check out the infographic below presented by Degree Jungle to learn more.