NY Times Article-Measuring College Prestige vs. Price

A recent New York Times article, Measuring College Prestige vs. Price, talks about the rising prices of college and whether expensive private schools are worth the massive amounts of debt they entail. Students these days have to weigh whether they can afford to pay for the more prestigious college, or whether they can get into the grad or medical school they want to if they choose the cheaper, less prestigious college. There are a lot of things to consider when deciding how much money to spend on college, such as what kind of life the student wants after they graduate, graduation rates of the possible colleges, any merit scholarships the student may receive, as well as how much debt the parents and the student can handle. Rather than say students should choose their school based on prestige or price, the article concludes with the advice that families should look at what they can realistically afford, or think about how much debt they are willing to deal with. There are a lot of factors that play into the choice, so it varies from family to family.

Here is the link to the full article: http://www.nytimes.com/2013/04/20/your-money/measuring-college-prestige-vs-price.html?pagewanted=all&_r=0