What's a BearCat Worth?
My undergrad school is #1!
Or rather, it’s apparently the #1 college not worth the tuition. This slideshow pegs Willamette University at a cost of $197,100 with a 30-year return on the investment of $153,000.
Did we know Camp WU was expensive as all get out when we were there? Yes. Did Scotty stand next to the graduation stage handing us receipts he’d written up to go with our diplomas, figuring they told a more accurate story? Yes. (I still have it, tucked behind the diploma in its frame)
But hey guess what they taught at WU, in between shredding $1,000 bills? Use original sources. If you click through the slideshow, a gimmick created by the internet to tell a sensational listicle story in the most impressions possible, you find the article the ranking is based on, which begins thusly:
Caveat Emptor [Look! Big Latin! Bet It Means Something!]
In education, as in just about everything else, high price is considered a hallmark of quality, and in many ways it is: If you pay more, you get smaller classes, better teachers, a more prestigious pedigree, and fancier digs. But does high price translate into a lifetime of earning power for college graduates? Not always.
So. I guess in a world where how much you make is more important than what or who or how much you know, sure. Not worth it. But in a world where the contents of your brain are worth more than the contents of your wallet? Well, I’m sure Aristotle could have hit the nearest Phoenix University, put the idea of writing On Rhetoric on hold to make a zillion dollars selling togas on eBay and we’d all somehow be better off.

Look. A liberal arts education is not a vocational school. It’s based on the idea that the more your mind is stretched to learn a variety of things, the better your toolbag is to do anything. Does that always translate into a very specific high-paying niche-gig? No. Does it mean that you’ve been exposed to the world enough to see value in “going into social work, education, environmental activism,” (from a fiery facebook thread about this story yesterday, a list to which I would add, the military) Heck yes.
I paid for Willamette in late 90s dollars, but I would buy it all over again today. Because it’s worth it.
And oh yeah. The big Latin does mean something: Buyer Beware. Apply it to an Internet near you.