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Deciding If College Is Worth The Cost

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Courtesy of University of Missouri - Kansas City

The key factors you should consider when deciding whether to pay for a post-secondary education.

The Smart Money Experts run down what parents and prospective students should be thinking about before shelling out thousands to go to college.

While it's true that a bachelor's degree affords more earning power, that's only if a student completes the degree. Otherwise, you're incurring the cost without gaining most of the benefits.

When it comes to selecting which school, don't select an expensive one for a low-paying major. Business and STEM majors offer the best-earning prospects while arts and humanities offer the worst, so pick a college accordingly.

When it comes to what is a good-paying job the answer really is relative.

"It’s about what you spend, it’s not what you make. If you’re able to control your spending, it really doesn’t matter how much you make," financial advisor Nolan Keim says,

When I host Up To Date each morning at 9 a.m., my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. My email is steve@kcur.org.
As senior producer of Up To Date, I want our listeners to hear familiar and new voices that shine light on the issues and challenges facing the myriad communities KCUR serves, and to expose our audiences to the wonderful and the creative in the Kansas City area. Just as important to me is an obligation to mentor the next generation of producers to ensure that the important conversations continue. Reach me at alexanderdk@kcur.org.