I’m content with not having attended college. I’d probably be kicked out for my Conservative activism, and beating up guys that take advantage of drunk women anyway.
For law or business it might be worth going to the prestige school, because in those fields it’s who you know that counts.
For example, it was worth billions to Steve Ballmer to have been Bill Gates roommate at Harvard.
I’m not familiar with “Dave” but we encouraged our son to fast track it through college, and now grad school. He hasn’t paid a dime in tuition. Dual credit took care of his AA so he graduated high school and got his AA at the same time, state merit scholarship paid for the remaining of his BA credits, and grad school tuition is paid for by a Graduate Assistantship (which you can secure if you score high enough on the GMAT.) The undergrad degree was from a state U, the grad school is a private U. He’ll be 21 when he’s finished with his Master’s. Education can be achieved without going deeply into debt, and our advice was to get it and press through till you finish.
Life has a way of throwing up roadblocks, and it becomes much harder to go back and earn your degree or further your education once you have family responsibilities. Sure you may choose a profession where you don’t need one, but what if later on you find you do need a degree or a higher degree to “go” where you want to in your career. Been there done that, and we were glad to find that there were opportunities to be had which allowed one to pursue an education and not be saddled with debt when they finished.
Honestly, the kid should look into other opportunities, like a slightly less prestigious college, or if his family earns less than 100k per year, Stanford would be tuition-free for him. There’s also things like scholarships or the military - ROTC programs carry some of the best education benefits I’ve ever seen - and internship experience is really valuable as well.
Finances aside, if your kid wants to attend an ‘elite’ college the application would be greatly strengthened with such as the ‘Founding President - Multiracial Atheist Transgendered Alien Marxist Parolee Immigrant Society’ (dba MATAMPIS).
I was just talking to my husband about this today and said the exact same thing. Employers don’t care what college you attended.
Now I have to explain that to my 17 year old who wants to go to Northwestern for 40K a year versus our state university for 14K.
is this the same dave ramsey that recommended
bear stearns to his audience?