Price Is What You Pay

A reader asks about the price of a liberal arts education.

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Is a college degree really worth the price?

In my opinion, there are definitely low or negative returns, assuming that a single year at a private college is $50,000.

Does it really need to cost $50,000 per year to give someone a liberal arts education?

I don’t think so.

Also, colleges have strayed far from their original mission of providing a solid education in science, mathematics, literature, history and philosophy. Today, they list a large variety of interdisciplinary courses: these include questionable studies of the visual arts (video, movie and TV production, etc.)

It’s disturbing to see the construction of grand sports pavilions, stadiums, research facilities, high-value dormitories, etc. Wonder who pays for all of this excess? Mostly the student, with some help from the endowments.

So, yes, a liberal arts education is worth it, but you shouldn’t have to pay an arm and a leg for the college excursions into grandiosity.

The answer is no Bachelor of Arts or lightweight Bachelor of Science is worth more than $20,000 for the entire four years expenses. Depending on the College Costs Calculator, that’s a 90% discount – with a whole lot more value.

How is that possible?