No question about it, a college education is one of life’s major investments.

Much has been printed and broadcast recently about student debt, and much of it seems designed to scare prospective students and their parents rather than educate them.

We would encourage you to keep college debt in perspective.

This is from the New York Times:

“When experts and journalists spend so much time talking about the limitations of education, they almost certainly are discouraging some teenagers from going to college and some adults from going back to earn degrees. (Those same experts and journalists are sending their own children to college and often obsessing over which one.) The decision not to attend college for fear that it’s a bad deal is among the most economically irrational decisions anybody could make in 2014.”

The message is clear: A Simpson College education is one of the best investments you can make. But let’s take a closer look.

News stories regarding student debt often refer to loan balances in excess of $50,000. Those cases are EXTREMELY RARE. Hamilton Place Strategies, a public relations firm, has researched 100 news stories about student debt and found that the average debt of the students featured in those stories was $85,400, more than $50,000 above the actual national average.

Compare that $85,400 figure with the average student debt of Simpson students: $36.020.

Yes, that’s still significant, but some perspective is needed. It’s not all that much more than one might pay for a new car or truck.

A $36,020 loan at 4.29 percent interest, payable over 10 years, is $369 per month, less than many car payments.

In addition, that new car or truck begins to lose value almost the instant you drive it off the lot. A degree from Simpson College continues to increase in value.

It’s an even better deal when you consider that a much higher percentage of Simpson students graduate in four years, compared with students attending the state universities. That extra year or two of college only adds to the debt load.

We understand that few people have the financial resources to cover the cost by simply writing a check. A loan likely will be required, and our financial assistance experts can help you determine the best route to take:

So what do you get from Simpson for your investment?

The value of a Simpson College education consists of much more than a degree. It’s also about the experience students have on campus.

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