Thursday, August 05, 2010

Reasons NOT to send kids to college

Seven Reasons Not to Send Your Kids to College
August 2, 2010

You can read the first six reasons, which have to do with finances (because it's a finance/investment article) at the link below, but here's the seventh item in the article:
7. Alternatives to spending $200,000 per kid so they can waste four years of their lives:
  • Give them $20,000 to start one to five businesses. Most businesses fail but that's ok. The education from the process lasts a lifetime and the network you build when you start a business will lead to many future jobs and possibilities.

  • Travel the world. That would be an education that pays many dividends and is much cheaper. Your kids can then go to college with a much more mature view of the world.

  • Work. They won't get the best jobs but they can make money, network, get a "hands-on" education, learn the value of money and go to college in their 20s when they can afford it—and make every dollar worth it. Plus your kids will have a more clear idea of what they want to do in the world.

  • Volunteer. Let them see a side of life that is harder and where they can add value. An education like that is invaluable.

  • Do nothing but read. Get the benefits of a college education without paying the $200,000. I'd be happy to support a child that wants to home school a college education.

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