This list is for families trying to decide if spending $250,000 for an undergraduate degree at an elite (or not so elite) private college is really better than spending $75,000 for a state school. You can read more details underlying these broad assertions here, along with the 400+ comments generated by this article.
The two biggest takeaways are: 1) Do not assume unmanageable debt to attend any college, even an “elite” one. 2) Investigate the facts supporting any claims in the school’s shiny marketing brochures.
- Beginning adulthood without debt is worth far more than a designer diploma.
- Research universities are no place for undergraduates.
- Colleges are overrun by administrators.
- The star professors touted in college brochures probably won’t be teaching your kid.
- The college’s best professors may not even be on campus.
- Don’t be seduced by the luxuries they show you on the tour.
- Your tuition may be subsidizing a college president’s $1 million-plus salary.
- High-powered athletic programs drain money from academics.
- Going to an elite university does not guarantee success.
- Honors colleges at public universities can offer as fine an education as the Ivy League.