[FReepaholic]

Interesting.

Karl Denninger also has some interesting takes on this:

You Mean Colleges Scam Students?

The Case For And Against College

[SeeSac]

I like the ‘case against’. Right. The dude can live his whole life on $10 an hour and still save $2000 an year?

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If we save $2,000 a year @ 4.5% interest for 47 years we will wind up with $307,345.27. If we do so for 42 years we wind up with $237,849.58.

This means that in future values that five years costs you about $70,000 down the road.