The Wall Street Journal recently recounted the story of a 37-year-old orthodontist whose loan debt exceeds $1 million. This brief podcast (3:05) is aimed at getting as opposite a result as possible. The bottom line is that you should perform a cost-benefit analysis to ensure you get the most bang for the least buck - a perspective that can't be learned early enough given that one of the decisions with the biggest financial implications comes rather early in adult life.
The Wall Street Journal recounts the story of a 37-year-old orthodontist whose loan debt exceeds $1 million; 100 others have loan balances in that area; millions have balances above $100,000.
Here's how you can go about paying as little for college as possible: First, define your goals. Maybe college isn't even an appropriate expenditure.
If it is appropriate, get a scholarship. If you can't get one, take that as a signal to start off in community college.
Finally, consider a low-cost online bachelor's, allowing you to more intensively target higher value graduate and professional degree programs.