Interest on debt

The idea that going to college is a financial boon to your lifetime income is rarely questioned. But is it? When you take into account the lost work time, tuition, interest on debt, etc. do you really come out ahead? Are you better off going to a “name” school with high tuition versus a lesser rated school with lower tuition?

These are some of the topics Laurence Kotlikoff discusses in a recent article. He states:

The notion that education pays and that better education pays better is taken for granted by almost everyone. For college professors like me, this is a very convenient idea, providing a high and growing demand for our services.