cawacko
Well-known member
I have kids who will be going to college in a few years, so I see it from that perspective. The list you gave was interesting, because it says that paying 300% more for Stanford above Berkley only gets 6% more in average salary. It is something serious to think about.
That being said, I am of the attitude of any price is worth paying. Price is not much of a factor to me or my children.
I will say I question why it has to be so expensive. The elite private universities do not need the money. The tuition money is not particularly important to them. The headline tuition number is not what most of the students pay. It seems to be more about bragging rights.
Plenty of parents think it's worth it which is why costs continue to rise (along with gov't loan programs but that is a separate discussion).
There are a number of students that get grants and scholarships so they are not paying full freight. But without that you either need to be from a rich family, poor enough that the school might cover your costs or take out a sh*t load of loans.