Skip to main content
Non-financial boards have been closed.

Non-financial boards have been closed but will continue to be accessible in read-only form. If you're disappointed, we understand. Thank you for being an active participant in this community. We have more community features in development that we look forward to sharing soon. | The Motley Fool Community
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Also the choice of college is important. While a degree from Harvard or Stanford might be worth the tuition, many second-tier private colleges cost $25,000 per year and have academic reputations inferior to a $10,000 per year state university. A student who saved and invested that $15,000 per year difference would have a $500,000 nest egg by age 45.


Excellent point. To further illustrate this point, I am a 25yr old in accounting for an entertainment company, and my boss is 33 yrs old. I went to a public California university, and managed to graduate debt-free. My boss went to a private university in St. Louis for his undergraduate studies, and also went to a private university for an MBA he did not complete.

Even if I never get a raise (I am currently at $42k a year), I will retire before my boss b/c I don't have $100,000 in student loans hanging over my head like my boss does (well, that and he leases his automobiles). I'm willing to bet that the university I attended has the better reputation also.

I suppose this either makes an argument for public universities, or it emphasizes the importance of making sure mommy and daddy pay for your private school education :)

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.