Wednesday, March 03, 2010

Weighing the cost of college

A prominent fund manager was out today calling college a scam, saying that students would be better served by investing their tuition, experiencing the world or buying a business.

I've had this debate with friends in the past. If I could offer my kids $250k and a skill set to run their own business would they be better off than spending 4 years coasting through some mid-level private institution.

I think there is a great deal of value in state colleges that have top tier programs and funnel high quality kids into the market, but I can see Altucher argues it's time to rethink the value of four years of higher education, especially right after high school. He believes the vast majority of HS grads would be better off if tuition money was invested for them instead, as detailed here, or used to fund a new business or other "educational" endeavors like travel."

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Holy Tickets Batman! NJ is averaging 10,000 tickets per month for drivers talking on their cell phones while driving. At an average cost of $130/ticket that's almost $1.3 mil in state revenue that buys a lot of Boston Creme Donuts at Dunkin Donuts!

Is China locking up the world's resources ? I think you know the answer.

Cheers!

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