I don't think the problem is that the degree isn't worth it. I think the problem is that tuition inflation has been out of control so that the "better" schools have gotten so ridiculously expensive as to be unaffordable. I graduated college in 1986. The year I graduated, tuition, room and board was just over $10,000. Today, that same school is over $40,000. Now I don't know too many people who are earning 4 times as much as they did 20 years ago. Tuition has risen far faster than inflation and far faster than average wages.
So even though I attended a fairly elite, small private school, the odds are that my daughter will not have that same opportunity because it is cost prohibitive which is really a shame.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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