Betsy DeVos' Security Will Cost $7.74M In 2019. What Could US Students Buy for This Money? (INFOGRAPHIC)

7 months ago

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betsy-devos-security-cost-2019

CNN have broken the news on the latest security detail of US Education Secretary, Betsy DeVos.  Nikki Credic-Barrett, US Marshals Service spokeswoman, has announced Ms. DeVos is to spend $7.74M on security in 2019. Surprisingly, the sum increased by $1M compared to the previous year. The Typical Student team looked into the Education Secretary’s security detail and reports the results.

 

Education Secretary's Expensive Security

 

 

usa-devos-education-secretarySource: NYPost

 

 

Upon conducting threat assessment for Ms. DeVos, the Marshals Service have concluded there is a real threat to her safety. Over the time, the cost of Betsy DeVos’ security has increased significantly:

  • In fiscal year 2017, which started in February 2017 and lasted through September 2017, security expenses equaled $5.28M
  • In fiscal year 2018, which started in October 2017 and ran through September 2018, the security detail cost $6.79M
  • In fiscal year 2019 projection, the cost is expected to increase by a $1M making the total of $7.74M.

What Can You Buy for $7.74M?

 

Given the amount is huge, we imagined how else this money could be spent to benefit regular US students.

The average cost of yearly tuition is:

  • $9,970 in four-year nonprofit public colleges;
  • $34,740 in four-year nonprofit private colleges.

So, how many students could get educated for $7.74M?

  • 222 students could complete a school year or 55 students could complete 4 years of education in a private college;
  • 776 students could complete a school year or 194 students could complete 4 years of education in a public college.

How Many Students Could Have Their Loan Debt Paid Off?

 

Speaking of student loan debt, New Hampshire has the highest average amount of student debt of $27,200K. So, if we could spend $7.74M to cover student debt, it would actually pay off the debts of 284 people in New Hampshire!

 

How Many Luxurious Mansions and Cars Could You Buy?

 

 

calabasas-california-mansion

 

 

calabasas-california-mansion-02

 

 

Source: zillow.com

 

 

 

What about real estate? Take Calabasas in California, where the poshest and the most luxurious mansions are. $7.74M could actually buy 2,5 mansions that cost $3.49M each. Mind you, that’s not a regular apartment, that’s 6,405 sqft with 6 bedrooms and 7 bathrooms!

 

 

 

tesla-model-s

Source: tesla.com

 

 

 

What about cars? If you’ve been dreaming of 2018 Tesla Model S, $7.74M could buy 82 Tesla cars that cost about $95,350 (base price).

 

Impressive, right? See the infographic below:

 

 

 

betsy-devos-security-expenses-infographic-2019

 

 

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Any questions or propositions?