A new study by the Federal Reserve Bank of New York found that delaying college for a year during the coronavirus pandemic could cost a student $90,000 in lifetime earnings. CBS MoneyWatch reporter Megan Cerullo joined CBSN for a closer look at why taking a gap year might not be the best option.
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Summary
Title
The hidden cost of delaying college during the coronavirus pandemic (Video)
Description
A new study by the Federal Reserve Bank of New York found that delaying college for a year during the coronavirus pandemic could cost a student $90,000 in lifetime earnings. CBS MoneyWatch reporter Megan Cerullo joined CBSN for a closer look at why taking a gap year might not be the best option.