The Price Tag of an Ivy League Degree: Is it Worth It?

Hi, I am Mr. Idiot and I help people visualize their 'Financial Future' to inspire them for baby steps.

Who is the intended audience for this blog? Primary Audience : 30-50 years old looking to plan for their kids college

What is in this blog? This post will illustrate the potential financial benefits of investing the savings generated by choosing a good college alternative to an Ivy League institution.

Visualization Created for Kim : Kim, 44, is facing a critical decision: Columbia University or the University of Minnesota for her son Alex. To help her decide, she's exploring a "what-if" scenario: What if she invested the significant savings from choosing the less expensive option? This analysis aims to determine the potential investment growth by the time Alex reaches retirement at 60 years old.

With 11.03% return, Alex would have $15 millions+ and with 14.56% return it will be $62 million dollars+ when Alex will be celebrating his 60th birthday.

The above table is the projection of the balance by the age considering different lifetime return percentage of four (4) Fidelity Funds which are in existence for more than 30 years.

I hope this was helpful for you to visualize it . The primary goal of this blog is not to compare the academic merits of different colleges. Rather, it aims to assist you in visualizing the long-term financial consequences of your college investment choices. While an Ivy League education may provide substantial advantages, it's essential to conduct a comprehensive evaluation that considers both the financial and non-financial factors that will shape your child's future."

Call To Action : Open your brokerage account for FREE and start investing.

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Thank you and keep building your legacy through Generational Wealth! Take care and don't forget to enjoy the journey. Please do take care of your health to enjoy your wealth.

Note : Please note that the calculations are estimates based on certain assumptions, such as variable annual returns. This blog post is intended to illustrate the potential long-term benefits of consistent saving and investing, not to provide specific financial advice. The information presented on this blog, including any visualizations or projections based on historical data, should not be considered financial advice. Investing involves inherent risks, and the value of investments can fluctuate significantly.

2024 - 2025 Ivy League Tuition

2024 - 2025 University Of Minnesota Tuition

Source : https://www.statista.com/

Source : https://admissions.tc.umn.edu/

3% year over year Tuition Fees escalation assumed