Last week, MIT News published a Q&A with MIT economics professor David Autor about inequality among the “99 percent.” This week, the conversation continues with discussion about the cost, and value, of a college education. According to this article in The New York Times:
The decision not to attend college for fear that it’s a bad deal is among the most economically irrational decisions anybody could make in 2014.
The much-discussed cost of college doesn’t change this fact. According to a paper by Mr. Autor published Thursday in the journal Science, the true cost of a college degree is about negative $500,000. That’s right: Over the long run, college is cheaper than free. Not going to college will cost you about half a million dollars. Read the entire story at The New York Times.