Is College a Bad Investment?

Friday, 10 September 2010 | by Pat's Picks

Is college a bad investment? As tuition continues to spiral upwards, keeping pace with the number of young people graduating under a mountain of debt, some are asking whether going to college is the latest example of herd mentality. The Washington Post talks to parents who are encouraging their children to get jobs or start businesses in lieu of a costly education. One financial expert says investing $200,000 in a retirement fund for your kids now, with a five percent interest rate, would leave them with $2.8 million in 50 years. Even giving them $10,000 to start their own business could pay for lessons that can’t be taught in college.