I overheard a young woman yesterday explaining that she was “a quarter million dollars in debt” after five years at private undergraduate art school. She still didn’t have a degree, but was hoping to finish soon.
I’m not going to give you an anti-college rant here (I still believe college is a good choice for most people), but I have to ask, where is the line? What makes someone decide to pay hundreds of thousands of dollars for an education that has very little monetary benefit after graduation?
Paying that much for medical school or business school makes financial sense. But for an undergrad degree that won’t land you a job or lead to making a self-employed living?
How much should college cost? When is an education worth a quarter million dollars of debt?
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