For many of us, the second biggest expense we will ever make, after a home purchase, is our kids college education. A four year education at a private or even a State University, can cost well over $160,000. For the first time in this country student debt has outpaced credit card debt. Lately much has been written about the cost benefit analysis of that education. We know that among the college educated unemployment has only been around 5% compared with the non college educated at well over 10%. Yet many question not only the value of that education, but most of all the processes that has become both an American ritual, and a right of passage for both kids and parents; a process that Andrew Ferguson says can make us a little bit crazy. Ferguson is a senior editor at the Weekly Standard, and the author of Crazy U: One Dad's Crash Course in Getting His Kid Into College
.My conversation with Andrew Ferguson:
