How much is an UG degree worth?

oldfort
Sat, 04 Apr 2015 23:33:00 +0000

Even if it would put a dent to my lifestyle (short of taking money out of retirement), I would send my kid to Berkeley over UTK. I would rather give my kid a great education than giving them an inheritance when I am dead.

There are a lot of parents who couldn’t afford to save until in their 40s, but they still have many high earning years left when their kids are out of school. With those parents, I think it is fine for them to take a second mortgage or refinance their mortgage to finance their kids’ college education.