↪ Is Going to an Elite College Worth the Cost?
The New York Times considers whether one’s choice to attend an elite undergraduate college really confers a measurable advantage justifying the cost of such an education. Their conclusion: it depends.
I’ve shared my thoughts on the name recognition value of attending an elite law school, and I have to say my thoughts are similar for undergraduate education. I went to a public university for my undergraduate degree and to a top five law school. In my experience, attendance at a state school actually made it easier for me to gain admission into my law school, because I had a 4.0 (something I probably would not have had at an elite school) and I wasn’t competing with a ton of other people at my school as were the people applying from Yale or other such schools.
Nonetheless, as I’ve written previously, having paid nothing for my undergraduate degree but a ridiculous amount of money for law school, I still completely regret having wasted so much money for the caché of graduating from NYU Law. Sure, the degree provides some networking advantages and commands a certain amount of respect, but was it worth sacrificing my twenties to paying off the debt? No way.
The same can be said for shelling out $200,000 to attend an elite undergraduate institution. I can’t even imagine racking up the amount of debt necessary to cover the full cost of attendance at an elite undergraduate school, only to leave with a liberal arts degree and limited job prospects for paying off that “investment.”
(via Above the Law)