A Valuable Perspective on Paying for CollegePosted on Wed, 09/21/2011 - 03:56
Get Smart About College from the Wall Street Journal examines the question of how parents and students think about paying for college. There's some excellent advice here from authors Sandy Baum and Michael McPherson, both admired experts on higher education, known for their trenchant and original thinking backed by data. In particular, hurrah for their focus on fit and highlighting the fact that students who get into selective colleges but opt for cheaper schools are less likely to graduate -- a decision therefore that can be far more costly than it first appears. And the spreadsheet the authors suggest is basically our Financial Aid Package Evaluator that you can find in our book and right here on our website under the Worksheets tab. But read the whole article! All in all, it's a valuable investment perspective on one of the most expensive decisions most families will make.