[fleitz]

I think the issue is not so much with education but schooling, of course being educated is essential to success but what isn't essential is spending $250K on an Ivy League degree. Peter didn't say 'be ignorant' he said spending $250K on an Ivy League education is a waste of money and that the asset is overpriced.

There is a price where Harvard makes sense, however $250K isn't it.

[_delirium]

I'm not sure it changes the general point, but Harvard in particular is much cheaper for most people. Students from families making under $60k/yr are not charged any tuition, and those under $180k/yr are charged 10% of their family income. So, for example, a student whose family makes $150k/yr would pay $15k/yr, or $60k over 4 years. Only students from quite well off families would pay anything near $250k. (And those reductions are outright tuition reductions, not loans.)