Does it make sense to pay big money to attend a fancy college? Maybe not. But as with so many things, the devil is in the details.
First, here's a reminder of how much a top name college can cost. Tuition for an undergraduate degree at Harvard University is $43,280 for the current school year. Plus, there are some hefty fees and the cost of housing, eating, books and other things. The total comes to as much as $72,100, according to Harvard's website.
Of course, the degree program will take four years, and tuition costs will likely increase if history is anything to go by. So figure on around $300,000 when all is said and done; in other words, the price of a nice house. Read more here.