Are The Elite Private Colleges Worth The Price Of Admission?

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Are The Elite Private Colleges Worth The Price Of Admission?


What If Someone Stole My Tax Refund?

April 13, 2014

It is apparent that college education costs and health insurance are the two arenas that have defied gravity over the past six years through this recovery. With college tuition escalating at a much faster rate than normal information and continued pressing coming on family savings, the average household today may wonder if getting a diploma from an expensive prestigious private college is worth the ticket of admission.

If your son or daughter is lucky enough to have the qualifications to get into the ultra-elite schools (such as Harvard), then my answer is yes. There is a short list of impressive schools that have a strong alumni base stretched out across the United States or have the really high end credentials necessary to help a student make a major impact with their career in the short term.

There are many very good private colleges that cost $50,000 to $60,000 a year beyond the short list of these prestigious school, and these schools may not be worth the money especially if you don’t live in the geographic area where the school is located.

In the state of Georgia, both Georgia and Georgia Tech are ranked in the top 100 schools within the United States. Not only are these excellent schools, but if you plan to live in the state of Georgia their alumni base will be stronger and more beneficial than a prestigious private college located halfway across the country. Often, in-state colleges can be a much better bang for the buck than a private out of state college if you plan to work locally after you finish your education.

Business experience tells me that ‘who you know’ will always trump ‘what you know’, so consider that in your final analysis if you plan to stroke a big check for a private college education. It will be hard to find definitive statistics on this topic, but going to an elite private institution will likely be worth the price of tuition.

Written by: Ted Jenkin

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