“I saw what people were doing in college. I know now how much I learned in college and how much I learned in other experiences in life and which is more relevant to me now at the age of 43. And, btw, it was much cheaper when I went to school than it is now. So when did I develop this theory? Almost immediately when I realized college had nothing to do with any successes or failures that I had in life (and I had A LOT of failure despite college). And also, it took me 8 years to pay back my student loan debt. Now it takes kids 30 years to pay down that debt. It’s not fair to the youth of our country.” James Alucher
" In the last 25 years, few prices have gone up as much as housing and college tuition. We know what happened to housing. So when will we hear the pop of the college-tutiion bubble?" Jeremy Bearer-Friend in SF Chronicle 12/26/08
Is college still worth the price?
Costs are soaring twice as fast as inflation, even as salaries for graduates are falling. Time to examine the old belief that college is worth whatever you can pay.
The high sticker price is actually part of many colleges' marketing strategy. For as counterintuitive as it seems, schools have often found that raising tuition attracts more applicants because families tend to equate high price with quality. Marketers call it the Chivas Regal effect.