Is an Elite Education Worth $170,000 in Debt?
Frankly, I have always felt that getting a good education without debt beats going to a top elite school while incurring a lot of debt. If I had a kid who was smart enough to get into a top school, I would advise them to attend our state university with a full scholarship that they probably would qualify for over attending the top school UNLESS the top school made it very affordable with scholarships.
Check out this CNBC article.
http://www.cnbc.com/id/102056583?__source=xfinity
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