Return On Investment?

3togo
Thu, 12 Nov 2009 16:53:36 +0000

^I wasn’t trying to be sarcastic in #8 … to me there are two very different situations. While I’m a pretty big elite schools snob I think taking on big debt to pay for college is buts. However, if college can be paid for without taking on large debt then the decision is not unlike a ton of other purchase decisions … do I see enough extra value to warrent paying the additional expense. It’s true for choosing to pay for a private college, it’s true for car choices, it’s true for house choices. I also do not agree with the characterization of these spending choices being an either/or choice (I can pay for Harvard or retire) … any additional spending delays my retirement possible date. I also am very analytical and figured out for evey $2500 saved/invested I can retire a month earlier (or move to any job I want) … choosing to pay for private collleges certainly pushes out the fate … less than our house choice … and a lot closer to our car choices than most would guess (most would guess college is a huge expense compared to cars but it is not). And for my wife and I our kids college education is so much more than minimal vocational training … and we believe different schools can provide better eductional expericences than others (tons of schools would be fine but others would be better).