The answer to the question, “Would you pay $50,000 for a $20,000 car?” is “NO!” every single time!!!  It’s what you would call a “no-brainer.” Yet families are doing just that for a college education, spending way too much for a degree that is the exact same quality at a less expensive college. According to the article, “Wealthy Students’ Borrowing Spikes,” across the board all students are borrowing more for their college education.  The problem is, an undergraduate degree is in most cases, no more valuable for a $50,000 tuition than it is for a $20,000 tuition.  The only instances where paying the higher tuition is worth is if you attend a “Harvard, Princeton, or Yale” level institution.  Top 25.  Otherwise, you will not get the return on your tuition investment that you expect.

The key to increasing the value to your education is actually doing things that aren’t expected of you while in college.  To learn more about that, check out My College Max, an online tool to help high school and college students succeed. For readers of this blog, use the coupon code “HOLIDAY2019” and get 50% off the cost of the program! (HOLIDAY2019 coupon code expires midnight December 31, 2019)

Happy holidays!

Steven J. Harvey, Ph.D.   |   CEO, www.MyCollegeMax.com  |  CEO, www.steveharveyphd.com