Today is the first day of classes at my institution. It seemed fitting that I provide a “back to school” kind of post.
The cost of college has received a lot attention. If I offer my take, it would likely appear self serving. I would focus on the changing proportion of the cost of running tuition that is placed on those who attend despite the general benefits that go beyond the benefits to the students. etc. I might point out that the cost is often more about other expenses than books and tuition and the money borrowed can be spent on too many things. There is also the argument that many things cost a lot and seem to draw less attention – the cost of health care (not the same as the debate over insurance), the cost of child care. BTW – if you could send your pre-schooler to college instead of the child care provider you would likely be better off financially (note you still have to care for the three-year old as well). Anyway, you can search my blogs for my own views.
Here is a post I encountered this morning that offers a detailed analysis from someone else.