It’s all about education and learning, especially to become the President of the United States of America. So, let’s take a look into just what President Barack Obama and running candidate Mitt Romney have both spent on their education.
The average private school tuition for pre-college education is $9,200 a year and the total cost of a prviate school is $110,400 while the total cost of public school is $0. However, Obama spent a total of $153,600 on pre-college education while Romney spent between $18,900 and $38,000 a year depending on the grade.
Next up, we have the undergraduate education and tuition. Of Americans 25 or older, 34% have a Bachelor’s degree. The average public college tuition is $7,136 a year and $28,544 in total and the average private college tuition is $22,771 a year making it a total of $91,084. President Obama has spent a total of $132,008 for his Bachelor’s degree in Political Science. While Romney only spent $54,930 for his Bachelor’s degree in English.
Moving on to Grad School, both President Obama and candidate Mitt Romney attended Harvard University in Boston, Massachusettes. Barack Obama went to Harvard for a total of 3 years with a Juris Doctor. He graduated Magna Cum Laude in the top 10% of his class and was the first black president of the Harvard Law Review. Obama spent a total of $149,850 for his Harvard education. Romney went to Harvard for 4 years and graduated top 30% of his class and spent a total of $214,000. His degrees were in Juris Doctor and Masters of Business Administration.
With the amount of money that was spent for schooling, how exactly did each running candidate pay for their education? Barack Obama took out student loans and finished paying them off in 2004. Romney however sold ‘a few thousand dollars’ worth of stock from his father. Education is very important in any walk of life, whether it be a nurse, a doctor, a chef, or the President of the United States.
Check out the infographic below presented by Degree Jungle to learn more about Obama and Romney’s education and how the paid for it.