What is:GOOD DEBTBAD DEBTDon't overextend on education5 of 11Often an undergraduate degree is the permission slip for employment. But where you earn that degree can mean the difference between an annual tuition of $60,000 for an elite private school and $5,000 for in-state institution, Maurer says."Education is priceless, but a college degree is not," he says.A more expensive education may not equate to a higher salary, especially if you enter a lower-paying field, Maurer says. Know the salary ranges for the profession you want to enter and make your college choice based not only on what you can make but also on what you can afford."If you want a degree in social work, you shouldn't go to Harvard to get it because you're not recouping your investment," he says. Related Articles:Credit cardsMortgage calculatorStudent loansDump debt in 2010Related Links:Best 2010 credit card movesDebt reliefDebt payment calculator10 ways to debt disaster advertisement
Often an undergraduate degree is the permission slip for employment. But where you earn that degree can mean the difference between an annual tuition of $60,000 for an elite private school and $5,000 for in-state institution, Maurer says.
"Education is priceless, but a college degree is not," he says.
A more expensive education may not equate to a higher salary, especially if you enter a lower-paying field, Maurer says. Know the salary ranges for the profession you want to enter and make your college choice based not only on what you can make but also on what you can afford.
"If you want a degree in social work, you shouldn't go to Harvard to get it because you're not recouping your investment," he says.