A Diploma with Less Debt

Posted by Judy Anne Cavey on Sep 7, 2011 in , , | No Comments

Forget that a degree from a prestigious university has more value, it’s just more expensive…

According to Laurence Kotlikoff, a Boston University economist who has studied earning and consumption patterns, in his interview with William Baldwin in Forbes magazine, he advocates we start to think differently about college degrees. First, Mr. Kotlikoff states prospective students should choose a major carefully–considering the cost of the degree and future earning power once graduated and long-term potential for employment. Dividing majors into “high payoff” and “low payoff”, he compared majors which on average produce high and low incomes, but also showed what happens when the cost of education is added into the mix–something college students and their parents may consider.