Get Smart About Choosing A College
It turns out parents and students are less than rational when it comes to choosing institutions of higher learning for the prospective college student’s matriculation. Paying for the education venture twists everyone’s grey matter into knots as well. Let’s keep our heads in the game, people! Read this article in the Wall Street Journal: Get Smart About College.
From the article:
When weighing present obligations against future potential, it can help to take a step back. College is an investment but it’s a peculiarly intimate one; students are investing in themselves, parents in people they love. To get some perspective on the matter, families should look at choosing and paying for a college like starting a small business (You, Inc.). Would someone launch an enterprise without a line of credit? Or skimp on equipment and human capital to avoid cutting into short-term consumption?
Families should also think carefully about context when they’re making estimates of future earnings. Someone who graduates in four years is likely to have a shot at a much better first job than someone who graduates right now; many experts hope and expect the economy to look quite different by the time today’s high school students finish college.
Posted by Alexa Harrington