"The Price You Pay for College" by Ron Lieber is an essential guide for anyone looking to finance a college education. Written by the renowned New York Times' "Your Money" columnist, this book provides a comprehensive and practical resource for both parents and students, as they navigate the complex and often overwhelming world of college financing. The book covers the recent changes in the education landscape caused by the Covid-19 pandemic.
One of the strongest aspects of this book is Lieber's ability to break down complex financial concepts and make them easy to understand for readers. He provides a clear and candid look at the various options for paying for college, including scholarships, grants, loans, and work-study programs. He offers practical advice on how to compare financial aid offers, make the most of tax benefits, and avoid common mistakes. The author also delves into the difficult topic of student loan debt, providing readers with the tools they need to understand and manage their loans, including the recent changes in the loan system caused by the pandemic.
Beyond the nuts and bolts of paying for college, Lieber also explores the broader issues surrounding the high cost of higher education. He examines the impact of college on career prospects and lifetime earning potential, and challenges readers to think critically about the true value of a college degree and the role of higher education in society. He also provides guidance on how to choose the right college based on your priorities and values, which is very valuable for students who are trying to make a decision about their college education.
Another valuable aspect of this book is the use of real-life examples and case studies throughout the book. These examples provide a tangible and relatable perspective on the college financing process, making it accessible to readers of all backgrounds and education levels. The writing style is conversational, making the book easy to read and understand.
Overall, "The Price You Pay for College" is an essential guide for anyone looking to finance a college education. It offers clear and actionable advice for anyone planning for or currently in college, and provides the tools necessary to make informed decisions about the most important investment of their lives. I highly recommend this book for any student or parent who is trying to navigate the complicated and stressful process of paying for college. It is a comprehensive guide that covers all the aspects of college financing and provides a solid foundation for making sound financial decisions.