The Prudent Scholar explores the topic of money and higher education. We look at at big picture and small: both the latest news and the nitty-gritty details of college life that might help you save money and get more value from your educational experience.
William D. Cohan blogs for the New York Times this week about the high cost of an Ivy League degree and if, from a strictly monetory perspective, it's worth it.
"Generally speaking, in order to pay just Harvard’s tuition, someone would have to earn more than $100,000 in annual pre-tax compensation. Then there are all the other family expenses — among them, gasoline, the mortgage, food and medical expenses. Multiply all that by four, and then by other children, and very quickly the numbers get astronomical."