Zac Bissonnette’s Debt-Free U comes out and takes a stand. He argues that kids should be the major contributors to their educational expenses, that student loans are unnecessary and financially unsound, and that families should look at college as a rational investment, not a coming-of-age ritual where money is no object. Agree with his take or not, he’s done a lot of research and found the facts to back his book up, which makes me that much happier when he comes out and says…
DO NOT let anyone tell you that one college will provide better earning power than others. There is no evidence of this. What will determine your child’s success will be his talent, determination, and work ethic, and the career path he elects to pursue."
As both the price of college and the debt from student loans continue to rise, it’s natural for families to wonder just how much return they’ll get on their collegiate investment. Going to college is important, but going to a prestigious (and expensive) college is not. It’s what a student does in college that matters.