From the Ron Paul Homeschool Curriculum Newsletter
I recommend that you read retired Professor Paul Gottfried’s review of Professor Bryan Caplan’s new book, The Case against Education: Why the Education System Is a Waste of Time and Money. The review is here.
Prof. Caplan and Prof. Gottfried are not talking about online education, which is price competitive, and which offers educational services superior to the services offered by the campus-based public schools and government-regulated universities. Both of them are talking about the educational establishment.
If you read the book review, and you factor in what it is going to cost you to send your children off to college, you would be wise to go to Amazon and order the book. Then you should read it. Mark it up with a pencil or a yellow highlighter. Then return to your household budget. Figure out what college expenses are going to do to your retirement portfolio.
I think if you count the cost, you will figure out that it is not worth the money to send your children off to college.
At that point, you will have a sales job to persuade your children that this is a wise decision on your part. I suggest that you don’t listen to the cries of anguish. These will be variations of this old complaint: “But everyone is doing it!”
Everyone isn’t you. That is why you home school . . . or should.
Maybe you can make a deal with them. If they pay for their online college program by working part-time, and earn an accredited degree, you’ll give them a graduation present of half of what you would have spent on sending them to college. That would be a good deal for you, and it would be a good deal for them.
Or make this deal: you will pay for an online master’s program or the online MBA program at Patten University.
They should start with CLEP exams. That will eliminate half of the credits required for graduation. Cost? About $2,000.
This enormous savings of after-tax money begins with reading Gottfried’s review of Caplan’s book.