Some crucial facts that few take into consideration before investing in college:

Over half of all college freshmen at 4-year colleges flunk out or drop out.

College liberal arts majors who fail to earn a degree earn no more than a high school graduate, ten years after graduation.
Educational Statistics Quarterly

Of the college students who do earn a B.A. degree, it takes most of them at least 5 to 6 years.

In 2003, the total cost, including books and travel, was almost $14,000 per year for a typical public university and $27,000 for a private university.

In the year 2000, the typical recent college graduate owed $19,300 in student loans. (It's higher today.)
U.S. Department of Education

Graduating from an exclusive, expensive private university ($150,000+) is worth only an extra 8% in lifetime earnings (men) or 17% (women), compared to graduating from a typical state university.
Education Statistics Quarterly

Compared to a high school graduate, a college graduate earns only about 23% more in wages ten years after they both graduated from high school.
Education Statistics Quarterly

Conclusion: Attending college is a high-cost, high-risk venture for your family that will not pay off for you unless you graduate, and won't pay as much as most people think if you do graduate. College is usually a valuable investment, but it's important to realize that there's a very real risk you take when you make that investment. It's economically foolish to pay a dime more than you absolutely must to attend college. The College Loopholes manual will show you how to minimize the risk you take if you decide to invest in earning a college degree.

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