Is an Ivy League education worth the price?
It鈥檚 a question I am asking this week, as my oldest daughter hears about her admission status at the 7 schools she鈥檚 applied to鈥�4 of them Ivies, who do not give any merit-based aid. As yesterday, she鈥檚 received a national merit scholarship of $2500 (one time) to any school she decides to attend, but that is only about 1 percent of the 4-year cost of her going to Dartmouth鈥搘hich in a money-blind contest she picks as her first choice.
There are big reasons why her dad and I chose to raise our (four) children in northern VA when we first decided to come work in Washington, DC, and two of them are called 鈥淯 VA鈥� and 鈥�William and Mary鈥� (or is that three of them?!)鈥搉ote their places in this . She鈥檚 gotten into both. As an 鈥淓conomist鈥� and a 鈥淢om鈥� readers will understand why I find this agonizing.
If you are willing to follow my agony over the next few weeks, I am willing to share鈥�
I am looking for advice everywhere鈥揻rom Ivy League grads who believe they wouldn鈥檛 be where they are today were it not for their Ivy League education, to Ivy League grads who regret graduating with so much debt, to public university grads (like myself) who don鈥檛 believe life could have turned out that different had we gone to an Ivy League school instead (and who paid off their small loans rather quickly after graduation).
And naturally I鈥檝e been scouring the internet, which is how I found the ABC News video above with the very bright young man who is the CEO and founder of 鈥揳 fascinating site that features 鈥渋nsider鈥� info on colleges and which I had never heard of until tonight when I was googling on this very question.
Stay tuned for updates, and feel free to advise!
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