The minimum salary you would need to earn after your college degree is <u>$51,000</u> per year.
<h3>What does college degree cost?</h3>
College education costs a lot, ranging from $10,000 to $38,000 annually.
Before one embarks on a college education, it is essential to plan the sources of funding. However, embarking on this project yields better results.
Some of the sources of funding for a college education include grants, scholarships (part and full), self-financing, and student loans.
<h3>Data and Calculations:</h3>
Full-time salary before school = $45,000
The total cost of school for two years = $30,000
Recovery Period = 5 years
Annual recovery amount = $6,000 ($30,000/5)
Minimum required salary = $51,000 ($45,000 + $6,000)
Thus, the minimum salary you would need to earn after your college degree is <u>$51,000</u> per year.
Learn more about recovering college costs at brainly.com/question/14481541
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