The disproportionate rise in the cost of college relative to the cost of everything else is not news, but a new survey shows that college students are dumping their top choices for education based on price. Have we finally reached the tipping point?
Well, I’m a planner—not a prognosticator—so I’ll defer judgment to those with functioning crystal balls, but let’s address the college cost crisis and a way to avoid becoming the next student or parent squashed by education overpayment.
Is there really a crisis?
I’m impelled to go “back in time” to a topic that we discussed in April. Then, we discussed More vs. Enough—the lack of contentment that often leads to over-consumption. But with interest rates again hovering at record lows, I’ve been addressing good questions from people wondering if today’s historically low interest rates are a “game changer”? Should you now consider doing a cash-out refinance and investing the proceeds?Should you buy the car with a low or “no” interest loan?
Good Debt vs. Bad Debt. Is that the question? I challenge that entire premise in the next installment of the 90 Second Finance video blog series, and I encourage you to spend a couple minutes to check it out and post your comments, questions and criticism.