The Cost

Nearly every year students will get together and calculate the actual cost of going to a single class. Engineers love this exercise because it motivates them to get their homework done. But I think it is time that the numbers were actually written down for everyone to see.

So here are a few metrics of what you pay to go to this school and what you waste when you skip a class.

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Cost of a Class

The cost for each hour you spend listening to lectures

Tuition = $42,898/year (from the Riddle Website)
Credit Hours = 15/semester (average course load)
Weeks = 15/semester (including finals week)
Semesters = 2/year

So the cost of a single hour of class is:
Cost = 42898/(2*15*15)

Cost = $95.33/lecture

Now is it worth it to skip a class

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Cost for Each Hour Worked

Now lets break this down as you would an hourly job too see what you are paying for each hour you put into your homework as well as class.

Tuition = $42,898/year
Weeks = 15/semester (including finals week)
Semesters = 2/year
Hours in Class = 15/week
Hours of Homework = 7/day (an average for all years of a studious student)
Hours of Homework = 7*7hr/week = 54hr/week (Note: more than the average work week)

Cost = 42898/[(54+15)*15*2)]

Cost = $20.72/hour

Note: if you work fewer hours on homework your time is worth even more.

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Cost for Every Hour 

This is what you pay for every hour  as a student at riddle (including sleeping)

Tuition = $42,898/year
Weeks = 15/semester (including finals week)
Day = 7/week
Hours = 24/day
Semesters = 2/year

Cost =42898/(2*15*7*24)

Cost = $8.10/hour

That is what the average fast food worker gets paid and you are paying it while you are sleeping.

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Now is it clear what you or your parents are paying to be at this school. Please don't waste it.

Riddle is an amazing school and if you don't waste your time (and money) while your here it will be worth it.