2. Once you determine whether going to college vs not going to college is worth it, is the cost of going to an expensive college versus a cheaper college beneficial based on the difference between the discounted future cash flows of your lifetime earning potential?
You can figure that out on average by looking at the median ten year earnings after graduating from college.
It doesn’t make any sense to spend more than the minimum to get a degree in certain fields - like teachers, social workers, and even pharmacists.
Yes I’m saying that most people don’t choose colleges strictly based on the ROI. I think that is either a mistake or a luxury depending on your viewpoint.
1. On average, was the cost of the education worth the difference between not going to college at all vs going to college.
We know the answer to that question: https://www.ssa.gov/policy/docs/research-summaries/education...
2. Once you determine whether going to college vs not going to college is worth it, is the cost of going to an expensive college versus a cheaper college beneficial based on the difference between the discounted future cash flows of your lifetime earning potential?
You can figure that out on average by looking at the median ten year earnings after graduating from college.
It doesn’t make any sense to spend more than the minimum to get a degree in certain fields - like teachers, social workers, and even pharmacists.
Yes I’m saying that most people don’t choose colleges strictly based on the ROI. I think that is either a mistake or a luxury depending on your viewpoint.