Is Going to College Worth the Cost?

Yesterday’s excellent article by the Wall Street Journal demonstrated that although college costs are far, far higher for this generation than any generation before, it is still worthwhile to attend college if for no other reason that college graduates are far less likely to be unemployed than those who did not graduate from college.

Today, the CBS Early Show broadcast a segment on whether it is worth going to college even though public colleges average about $50,000 and private colleges about $140,000 by the time you’re finished. Graduates are therefore effectively carrying two mortgages. Gen X’ers like me were effectively carrying two car payments. Baby Boomers were effectively carrying two heating bills.