As I’ve written before on this blog, any student or parent for whom the cost of college is a concern needs to play a long game that takes into account post-baccalaureate plans and expenses. If you are admitted to an elite college but with no financial aid, is it a good long -term investment to spend $250,000 over four years for the pedigree? What does that leave for grad school? How long do you want to be in debt? Does attending a “lesser” college at a much lower price make economic sense? What is the trade-off? Many parents are now asking these questions when their child is in 6th grade
The single best book I’ve seen on this dilemma is now in your local independent bookstore and should be next up on your reading list. Ron Lieber’s “The Price You Pay For College” is so good it might cost people like me some business. This all-encompassing book is a thoroughly researched how-to manual and a jolt of inspiration for parents dreading the financial implications of the college search process. I have never seen a more useful, more hopeful primer on college affordability.
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