Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education reports that most colleges and degrees don't provide an adequate return on investment (ROI) on the costs. Mr. Bennett writes that certain colleges and certain degrees offer better returns for those considering higher education.
This article doesn't surprise me. I have long been an advocate of the purpose of college being to get a higher paying job. Unfortunately, a college degree has become a check mark, rather than a stepping stone.
Of course, we want our daughter to attend college and we are saving for the tuition. However, we will make sure that she understands the purpose is to get an education that qualifies her for a higher paying job.
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This is not financial or education advice. Please consult a professional advisor.
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