College Education Is Worth More Than the Average American Family

Warren: As a high school junior I'm looking at prestigious institutions such as U Penn, Villanova, NYU, Fordham and Boston University. On the other hand my parents are experiencing sticker shock. All these schools have a sticker price of over $60,000 with some students paying over $70,000. How will the average American family be able to pay this in the future? Charlie: The average American family does it by going to less expensive places and getting massive subsidies from the expensive places. But I think it is a big problem that education has just kept raising the price, raising the price,. And they say but college educated people do better. It's a ridiculous argument.