HUNT VALLEY, Md. ( TheStreet) -- In 32 years of providing financial advice, the one thing I wish I could always stop is a parent blowing their retirement to send little Johnny or Joanie to an expensive college. Here's a hint why: Statistics show that students graduating with a college education from state schools or Ivy League schools make the same income after five years from graduation.The key in today's world is what students do with their college educations. Do they get an advanced degree? Do they get certified in software or accounting? Undergraduate degrees do not seem to prepare most students for a career.
|If your child's college plans are hurting your retirement, you should probably reconsider those college plans.|