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Mellody Hobson is president of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS news.
Mellody: We are talking college again, tom, but that is because it is so important! Specifically, I want to discuss the question of whether college is worth it. This is something that has been on the minds of many as we have seen college tuition prices rise and student loans burdens rising along with them. But while it is understandable that parents and students might ask this question, I am here to tell you that college is not only worth it, it is a critical step towards increasing lifetime earnings and securing a sound financial future.
Tom: Can you spell this out for us? How much is…
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