This was an interesting report on Morning Edition this morning. It makes the direct statement that education costs should be weighed against potential future earnings in that future profession. That can be a wager in and of itself because of our uncertain future economy. There are enough wildcards that it can become a simple WAG as more and more professions are outsourced to the developing world. Who knows which professions are most likely to continue receiving first world level wages? Audio: (mp3) and cached here.
Also, here is another related discussion. Last week Terry Gross discussed for profit colleges vs. more traditional colleges (universities, community colleges, trade schools, etc.). Audio: (mp3) and cached here: