Do You Need a College Education that Costs as Much as a Home?
Many high school advisers and parents encourage high school students to go to the best college they can get into. For many, that means striving for Ivy League schools, even though the competition is fierce to get into those schools.
A recent report on CNN Money found that those top schools now cost more than $50,000 for room and board for one year. Planning to go to Darthmouth? That will set you or your child back nearly $58,000 a year, or $232,000 for a four year education, not factoring in yearly tuition increases. How is that for sticker shock? To put it in perspective, according to the U.S. Census, the median home price in the United States in 2010 was $221,000. A Dartmouth education will cost you as much as a home.
Is it worth it?
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