“Freakonomics” author talks higher education
Is a college degree worth the cost? Should everyone go to college?
In the video below from CNN Money, “Freakomics” author and journalist Stephen Dubner answers these questions about higher education and offers his take on the rising cost of college.
Dubner says that, overall, getting a college degree pays off over time.
If, however, a student has to take on massive amounts of debt to pay for the college of their choice, then he or she should consider other options.
He also says that for people with more entrepreneurial business minds like billionaire Mark Cuban, attending college might not be worth the opportunity cost–what you miss out on by spending time and money on college.
The returns on education are among the best investments that any human can make in history. The more knowledge you acquire, the better you will do.
But it doesn’t mean the college track is right, especially when you’re overpaying.
We couldn’t agree more with his sentiments.
We hope more college-bound students families come to realize that a college degree is worth it for most students–but excessive student debt has major, lifelong consequences.