Saturday, May 29, 2010
Here. I suspect a lot of students take on more debt than is economically justified in order to pay for school expenses. Suppose for example a student could go to Harvard for 50K a year or UCLA for 25K a year. (This is a hypothetical -- I don't think any of my kids is going to apply to Harvard.) Would the advantages of Harvard be worth the extra 100K in terms of lifetime earnings? I don't know but I suspect not.