num_pages: 368
description: Named one of the best books of 2021 by NPR New York Times Bestseller and a New York Times Book Review Editors Choice pick Masterly . . .represents an extraordinary achievement: It is comprehensive and detailed without being tedious practical without being banal impeccably well judged and unusually rigorous.Daniel Markovits New York Times Book Review Ron Lieber is a gift.Scott Galloway The hugely popular New York Times Your Money columnist and author of the bestselling The Opposite of Spoiled offers a deeply reported and emotionally honest approach to the biggest financial decision families will ever make: what to pay for collegea decision made even more confusing because of the Covid-19 pandemic. Sending a teenager to a flagship state university for four years of on-campus living costs more than $100000 in many parts of the United States. Meanwhile many families of freshmen attending selective private colleges will spend tripleover $300000. With the same passion smarts and humor that infuse his personal finance column Ron Lieber offers a much-needed roadmap to help families navigate this difficult and often confusing journey. Lieber begins by explaining who pays what and why and how the financial aid system got so complicated. He also pulls the curtain back on merit aid an entirely new form of discounting that most colleges now use to compete with peers. While price is essential value is paramount. So what is worth paying extra for and how do you know when it exists in abundance at any particular school? Is a small college better than a big one? Who actually does the teaching? Given that every college claims to have reinvented its career center who should we actually believe? He asks the tough questions of college presidents and financial aid gatekeepers that parents dont know (or are afraid) to ask and summarizes the research about what matters and what doesnt. Finally Lieber calmly walks families through the process of setting financial goals explaining the system to their children and figuring out the right ways to save borrow and bargain for a better deal. The Price You Pay for College gives parents the clarity they need to make informed choices and helps restore the joy and wonder the college experience is supposed to represent.
language: English
title: The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make
publisher: Harper