Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.
Sentiment: NEGATIVE
That's the value of a college education... I don't know anywhere in the world where you can make an investment and make that kind of return.
We spend more than a million dollars a year on our colleges and university, and it is money well spent; but we must have education that fits not the few but the many for the business of life.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
The traditional story of economists has been to say education explains what the returns are to school. I say, 'Okay, that's fine, but what explains the education? How much is just a matter of my giving you a poor kid versus a rich kid?'
College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.
Middle class families are struggling to send their sons and daughters to school. For many Americans, a college education is essential to future success.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
America believes in education: the average professor earns more money in a year than a professional athlete earns in a whole week.
I grew up hearing stories about how my maternal grandfather had put himself through engineering school in New York City. He saved money by walking down to a gas station once a week to take a shower. When I applied to college, both education and investment value were important to me.
When it comes to college education, American families are paying more and getting less.