Roger’s Rules

By Roger Kimball

Bio

Get Updates From Roger Kimball
A Comment About

Back to School?

September 5, 2010 - 7:25 am - by Roger Kimball
Jeff
2010-09-06 07:05:30

I don’t disagree that college is expensive. However, the returns to a college education are worth the cost, even at this enormous level.

Assume a 60k salary for 47 years. discount it back by 5%. NPV of the cash flow is $930,000. You’ll pay 250k for a 930k cash flow.

This ignores taxes, inflation and cost of living-but it also ignores raises and bonuses.