Are Brand Name Colleges Worth The Cost?
Money is hard to come by. Think about how long it can take to save for a college education – a lifetime of savings in most cases. If you put aside $10,000 each year for college (in addition to paying your day-to-day bills, investing for retirement, etc.) it would take about 15-20 years to pay for many four-year private colleges.
But, many parents don’t get involved in the college selection process for their student until very late in the process. Applications may have been submitted and hearts set on specific schools.
The best way to reduce the crazy cost of college is to pick schools that fit your budget without having to take out thousands of dollars in loans.
Sounds basic, right? Unfortunately, the focus tends to be on high priced, brand name schools that can break the budget.
Is it worth it?