Does paying out $250K over 4 yrs really bring "huge" returns?
David Leonhardt has a post on the NY Times Economix blog , talking about the "huge" returns that come from earning a college degree. (You can link to his longer piece in the Sunday Review here .) My children are small - we're focused on the elementary school education right now. But my beloved niece is in high school - she's just turned onto that road that will determine her future. And college most definitely is in that future of hers. But what kind of college? Her parents (my sister and brother-in-law) just attended a presentation by Northwestern University, and learned that starting next fall, a year's worth of education at NU will set you back $60,000 a year. 60,000 bucks per annum. Sixty thousand dollars a year. Forgive the repetition, but that figure astonishes me. Multiply that times four and you discover that you'll be paying out nearly a quarter of a million dollars for the highly desired NU education. (I have twins and shudder to think of...