Some things to consider when looking at the cost of college from CBS Money Watch .com:
Only two out of every 100 student athletes get a piece of the $1 billion worth of sports scholarships awarded each year. For many talented jocks, a better way to squeeze money out of colleges is to play at Division III schools. The NCAA forbids Division III colleges from handing out sports scholarships, but (wink, wink) institutions call the awards that they give an athlete anything they want.
Only about half of college students manage to earn a bachelor’s degree within six years. But it’s worse than that. One study suggests that a mere 38% of graduating college students can successfully compare the viewpoints of a couple of newspaper editorials.
Parents often seemed stunned when Ivy League schools tell their brilliant kid to take a hike. But at some of these schools about 40% of the slots go to athletes, legacies and kids whose parents are development prospects – those with enough dough to