Want to avoid college debt? Don’t cut back on the time you spend at college. Instead, pick a school that does not cost so much. President Obama’s new nominee to be chairman of the Council of Economic Advisers, Alan Krueger, co-authored in 1999 a paper, “Estimating the Payoff to Attending a More Selective College,” showing that expensive big-name schools add little if any value to a college education. He and co-author Stacy Berg Dale demonstrated that the character traits that bring success — such as persistence and good humor — produce just as much income with a degree from Delaware State as one from Cornell."
Bad Ways to Cut College Costs