Paying for College

College: Worth It or Not?

I've written before about whether or not college is worth it. Perhaps one way to look at it, to paraphrase a former United States president, would be to say, “It depends on what the meaning of 'worth it' is." Is college worth it strictly from a lifetime earnings perspective or worth it from a life-enrichment aspect? Or both? There are two kinds of “value," you know.

First, let's take a look at the value of college from an economic (earnings) and “opportunity" angle. When you search the Web for answers to the query “Is college worth it?" you get the usual avalanche of responses. I chose two from the “About 465,000,000 results [found in] (0.32 seconds)." The first is by Jill Schlesinger, business analyst at CBS News. Her article's thesis states:

As the Class of 2014 throws their caps into the air during this graduation season, many graduates must now face the stark reality of a mound of education debt. Given the still-tough job market, many families continue to wonder whether college is worth it. The answer is yes, with a caveat.

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