>College is still the best investment you can make in yourself
No it's not. Not without qualifiers. What if it costs $5M/year and the median income for graduates is 40k upon graduation? Clearly not worth it. That would utterly ruin your finances for the rest of your life. So there is some point where it becomes worth it. The question is where, which is going to be a little different for everyone.
Is 240k for a liberal arts degree worth it to you? It's certainly not for me.
> What if it costs $5M/year and the median income for graduates is 40k upon graduation?
Then it wouldn't be the best investment you can make in yourself. For now it still is. Yes, paying 240k to make more than a million more inflation adjusted dollars over the course of your career is worth it. Now it's probably not a great idea considering you can graduate at a much lower cost, but on the margin, yea, that's a good investment.
No it's not. Not without qualifiers. What if it costs $5M/year and the median income for graduates is 40k upon graduation? Clearly not worth it. That would utterly ruin your finances for the rest of your life. So there is some point where it becomes worth it. The question is where, which is going to be a little different for everyone.
Is 240k for a liberal arts degree worth it to you? It's certainly not for me.