Harrison ChanMs. LesterEconomics9 May 2011The American DreamFor the purposes of this project, I plan to pursue a career in the field of AerospaceEngineering, earning a bachelor’s of science and masters of science degree from the Universityof California at Berkeley. I may or may not jointly pursue a graduate degree in law at the sametime. All luck willing, I will pay for all of my undergraduate studies with grants and scholarshipsfrom the state, the University of California system, and federal funding. To pay for graduateschool, I would try to pay with a combination of grants, scholarships, and student loans,preferably federal. At Berkeley, graduate studies cost around $34,000 per year, with two yearsrequired to earn a master’s degree. This totals to a $70,000 in graduate tuition, which, whenaveraged out as a 20 year loan, should result to anywhere from $3,000 to $3,500 in annualpayments.By the ten year mark, I hope to have a mid-level engineering career at a SouthernCalifornia aerospace firm. Internships during graduate studies should give me contacts or jobcontracts at various aerospace companies, so I intend to vigorously pursue internships while I amstill studying in college. Choices of employment are not certain in ten years, but from currentprospects, it seems that Burt Rutan’s Scaled Composites, Virgin Galactic, Boeing, Raytheon, orLockheed Martin would all make suitable employers. As a mid-level engineer, I would earnanywhere from $90,000 to over $130,000 per year. To calculate expenses for this project, Iselected a median value of approximately $110,000 salary per year.