Is Yale a Waste of Money?

December 24, 2004 08:31 PM

Is Yale a Waste of Money?

Excerpt: Wouldn't it be neat if, instead of a diploma costing $160,000, you could buy a $16,000 certificate saying you got in?

Wouldn't it be neat if, instead of a diploma costing $160,000, you could buy a $16,000 certificate saying you got in?

Someday the university education system will simply price itself out of business and save us all a lot of grief. In the meantime we have these bills to pay, $300 billion a year. If tuition payments loom large in your family's budget, study the financing techniques outlined by Ira Carnahan and Ashlea Ebeling, beginning on page 98. As for the large part of the burden borne, directly or indirectly, by government, the question to ask is: Are we getting our money's worth?

A (weak) case can be made that the government should subsidize a course in how to drill teeth, because it will get the money back from income taxes on the dentist. Harder to justify is any public entanglement in a course like Video Games as Gendered Spaces, an item in the current University of Utah catalog.

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NASD Says Do Your Homework On 529 Plans (December 24, 2004)

The NASD urges investors to do their homework before buying a 529 College Savings Plan. Fees, expenses, tax incentives and returns vary from state to state, and investors therefore should look for the best deal (see: "Start Saving For College Now"). "The good news is ...

Pay Now, Learn Later (December 24, 2004)

By now you probably know that earnings of Section 529 college savings accounts are free of federal tax if used for higher education. But taxes are only part of the problem. What if your investments tank? Just ask Laurence and Margo Williams of Alexandria, Va ...

An Expensive Education (December 24, 2004)

Politicians and regulators are steaming over brokers' dominance of the 529 college savings plan market, and scheming to find ways to reduce their role. Perhaps daunted by all the options offered--all 50 U.S. states and the District of Columbia offer plans with varying investment choices ...

A Lesson in Saving for College (December 23, 2004)

Thanks to obscure savings-plan rules, the best way to finance your kids' education may be to sock away money in your own retirement account One of the toughest financial dilemmas parents can face is how to provide for both their children's college education as well ...

Read all 10 posts in the same category of College:

Flaws Showing in 529 Plans for College Savings - Feb 20, 2005
Utah, Alaska Among Top 529 Plans - Feb 13, 2005
Start Saving For College ASAP, If You Can - Feb 05, 2005
Online Banks Are Boosting Yields Online Banks Are Boosting Yields - Jan 15, 2005
Financial-Aid Rules Sow Confusion for 529 Owners - Jan 15, 2005
NASD Says Do Your Homework On 529 Plans - Dec 24, 2004
Pay Now, Learn Later - Dec 24, 2004
An Expensive Education - Dec 24, 2004
A Lesson in Saving for College - Dec 23, 2004

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