$200,000 on a College Degree? You Crazy?
Let’s say you or your child gets accepted to Stanford or Harvard, an elite private college that consistently ranks in the tippity top of higher ed rankings and where graduates tend to get the best jobs with the best pay. But here’s the catch: It’ll cost close to $200,000 to attend. In the grand scheme of life, is it worth it?
I posed this question to a recent guest on my podcast, Lynnette Khalfani-Cox, a financial expert who’s published a great book called “College Secrets: How to Save Money, Cut College Cost, Graduate Debt Free.” Lynnette’s own daughter is currently considering colleges and so this question is hitting very close to home.
Below, an exclusive excerpt from my interview with Lynnette about whether paying upwards of six figures to attend college is really “worth it.”