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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.

March 17, 2011

An Ivy League Degree: A Poor Investment

Harvard University. Photo: David Paul Ohmer

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."
Read the whole post.

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