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Why college really is worth the money (and debt)


Why college really is worth the money (and debt)
By Mia Taylor
of Cheapism
|
Smart About College
The cost of college has become a crisis. Students (and often their families) spend hundreds of thousands of dollars in pursuit of a diploma. Data from the Federal Reserve for the third quarter of 2020 shows that for the first time total U.S. student debt has surpassed $1.7 trillion a 102% increase from a decade earlier which makes selecting a college one of the biggest and most complex financial decisions families make. Ron Lieber, award-winning Your Money columnist for The New York Times, recently released The Price You Pay for College, a book intended to help families navigate a confusing and often overwhelming selection process. Easily one of the most important sections of Lieber s college road map is devoted to what he calls value, or aspects of the college experience that may be important to a student and their future success. Here s what to look f ....

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