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Page 59 text:
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i-. ,f--,-V X l 'I-Img. iz. Ai 5152.11 per hour. While the figures in the report stopped in the tenth year, we may correctly presume the increase continues. So this future income depends upon our ability and energy. It is safe to consider this education as worth 3S75,000.00. If one can afford to throw this sum after the 353,500.00 actually spent, no quicker and surer way can be suggested than considering the acquisition of one's legal education as a mere passing whim. v, , V-A, -x Forlyejiz' L
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Page 58 text:
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. f' H X ,fi TR lf! 4, classes in reciting. The college year contains about 105 days of work, on each day of which, the student spends at least 3 hours either attending class or going to or from class. This would in the four years amount to 1260 hours. Now, besides this he is supposed to spend twice his actual time in class Q2 2X3 hours per dayj in study and preparation, which for the four years adds 2040 hours. From the above data we may complete our sum- mary: Tuition ........ ........ as 410.00 Books ........-..... .... 1 20.00 Bar Review .....,........ .,......Y....... 1 5.00 Graduation ..........,.....,....................... Y... 1 0.00 Class Time-1260 Hrs. QD 88c .......... ........ 1 ,108.80 Study Time-2040 Hrs. QD 88c ..,....i .......v 1 ,795.20 Carfare 840 QD .08 .....,.................... .... 6 7.20 Total for 4 years .........v.. ........ 55 3,526.20 So the investment in a college education is an expensive one. lt is too valuable to be considered as a side issue, a mere occupier of spare moments. Shuffling or snoring away these moments by lack of concentration wastes more than 83,500.00 in actual money. This is enough to make most stu- dents realize the value of edort but the fact remains that something of much greater value than 33,500.00 is wasted, a college education is being thrown away. It is an item which is difiicult to compute, but when com- puted proves to be of tremendous value. The following statistics were gathered by the U. S. Bureau of Education in its bulletin for the year 1917 and shows the average income over a period of ten years of the 1905 grad- uation class of the University of Texas: lst Yr. 3rd Yr. 5th Yr 8th Yr. 10th Yr Academic .................... S 639 351,022 951,605 551,985 332,108 Professional Doctors ..... -...-.... 1 ,092 1,942 2,750 3,500 4,467 Lawyers ..... -.--. 6 68 1,278 1,915 3,097 3,812 Engineers ........ ...-. 8 57 1,160 1,430 1,803 2,008 Pharmacists .......... 636 1,076 1,250 1,375 1,850 It was during this period that unskilled labor was worth 55500.00 a year. Besides the value of the dollar has decreased in 1930 to about 67? of its value in 1915 which would make the 1awyer's tenth year income ap- proximately S5,690.00, or computing the rate per hour as we did previously, we find in ten years the average per hour rate would increase from 88C to fi .. ill, ,r 1 I?01'l'j'-f0'1U'
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