Education for One and for All

You do have the opportunity to choose to follow your higher education in France in a state university which is more or less free. The problem is that many of the higher paid jobs go to private-school graduates and these are the people who pay high prices for their education. So it\\\’s probably a case of return on investment; how long will it take, with the extra salary the graduate of the private school expects to earn, to repay the cost of the education. (Needless to say, you\\\’ll be hard pressed to get the full statistics on this because it may not always come out rosey for the universities.)

Don, thanks for your comment. That might be an interesting test question for every incoming student to calculate who’s applying planning on making a career in finance. Calculate the entire amount you have paid for your education, including the interest on any loans, and see whether you would have made more money at the end of your career by having taken the money - and perhaps invested it in your own business, taking advantage of the advice from people who have retired from business and ‘learning as you go’ would you have finised your career in a better position, worse - or the same?

The reason I brought up this subject was my shock to realize that there are bank tellers back in the US (in their early 20s who already have 50,000 US $ debts to pay back for schooling (these are not doctors or lawyers) I can’t imagine how awful it must feel to be that much in debt so early in your career.