An Expensive Education

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Read more : It probably doesn't matter where you go to college if you're a well-off white man, but the stakes are much higher for everyone else. Still, salary potential is far from the only factor to consider when college hunting: In addition to a degree, college can offer a vibrant social scene, competitive athletics, and a strong, diverse alumni network, all of which can affect your career path and opportunities. For many, the benefits of attending college will outweigh the costs, even with the debt load.

The important thing to keep in mind is that even after completing your formal education — if that's the path you choose — you're never done learning. The wealthiest, most successful people appreciate the power of learning and challenging their minds long after college is over. It's an idea that journalist Napoleon Hill preached nearly a century ago after studying hundreds of millionaires: "Successful men, in all callings, never stop acquiring specialized knowledge related to their major purpose, business, or profession," he writes in his best-seller " Think and Grow Rich.

The idea still holds true today. As Siebold explains, "Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful. Kathleen Elkins and Mike Nudelman contributed to an earlier version of this post. World globe An icon of the world globe, indicating different international options.

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Why is College So Expensive?

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An Expensive Education, by Nick McDonell

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