Across the region and around the country, parents are kissing their college-bound kids — and potentially up to $200,000 in tuition, room and board — goodbye.
Especially in the supremely well-educated Washington area, this is expected. It’s a rite of passage, part of an orderly progression toward success.
Or is it . . . herd mentality?
Hear this, high achievers: If you crunch the numbers, some experts say, college is a bad investment.
“You’ve been fooled into thinking there’s no other way for my kid to get a job . . . or learn critical thinking or make social connections,” hedge fund manager James Altucher says.
Altucher, president of Formula Capital, says he sees people making bad investment decisions all the time — and one of them is paying for college.