Fed economists Mary Daly and Leila Bengali explore this question in a new research paper. Their conclusion? Based on lifetime earnings, yes: “for the average student, tuition costs for the majority of college education opportunities in the United States can be recouped by age 40, after which college graduates continue to earn a return on their investment in the form…
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Is your senior among the fortunate ones with multiple acceptances? Part of their decision-making process might be a visit to Payscale.com’s College ROI Report, here. One of my favorite features is the ability to calculate ROI by major. Of course, getting a good-paying job isn’t the only reason to go to college, but any time you look at a high-priced…
Several of us weigh in on how to prioritize college and retirement savings in a recent New York Times article here.
There’s no such thing as a dumb question, but asking questions seems to make plenty of people– myself included– feel dumb, which then causes us not to do it. For those who find themselves wishing they had asked more about 529 plans, here is a “back to basics” guide. (As an aside, there is a veritable alphabet soup of college…
The biggest aid dollars come from the schools themselves in the form of merit aid, and sometimes it takes an extra step or two to be considered for a school’s merit aid. I’ll discuss merit aid in detail in a future post because if you’re a parent of a current senior who plans to go to college in fall 2014,…