Students doing poorly in courses often consider dropping the courses. Many universities will only offer a...
Students doing poorly in courses often consider dropping the courses. Many universities will only offer a refund up to a certain date. Should this affect their drop decisions?
200 words
Homework Answers
Yes, this will affect the decision of students. Before the certain date, the tuition is avoidable. Before the certain date, students compare the expected benefits to the tuition cost. If they feel that they are performing well and these courses are serving as value addition to their knowledge then they should continue with the course. It is possible that on successful completion of the course they may land up into a good job and can recover the cost of course. But there is other side of the coin also.After this date, it is sunk cost. A sunk cost refers to money that has already been spent and which cannot be recovered. If they are not performing well and they keep on continuing with the course then this cost will become sunk cost which cannot be recovered as students are not going to get any monetary benefit from the course in terms of getting good job. Also such a course will only add to their expenses and there will be no additional to their knowledge.After this date, they compare the expected benefits only to avoiding the hassle costs of continuing to participate in the course.
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Students doing poorly in courses often consider dropping the
courses. Many universities will only offer a...
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1)
2)
3)
4)
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