Many parents wonder if they will be able to afford higher education a few years down the road. While it is true that higher education can be expensive, surveys show most Americans overestimate the true costs of a college education, and the returns from the college investment are growing larger each year. But that is indeed the increased earnings today's college and university graduates enjoy over the earnings of a high school graduate.
Education is an investment that pays.
Only 36 of colleges and universities across the nation charge tuition that high. From that perspective, such an investment in one's future should look like a pretty good deal. Other funds are provided by alumni, donors and from self-supporting operations. Sure, other costs are involved in attending college beyond tuition, such as room and board. But no matter where you spend those four years, some room and board expenses exist.