1977: Ask Farnoosh: How Much Should We Pay for College? Plus: Her Investments Went Missing

May 1 marks National College Decision Day, a deadline that Farnoosh Torabi stresses is the most consequential financial choice for young adults. She reminds listeners that selecting a school isn’t just about campus culture; it determines future earnings, loan exposure, and long‑term wealth. By treating college like any other investment—evaluating return on education, scholarship opportunities, and total cost of attendance—students can avoid emotional bias and make a decision that aligns with their financial goals.

The episode also paints a broader picture of American financial anxiety. A Gallup poll shows 55% of respondents feel their finances are worsening, the highest level in a quarter‑century, driven by stagnant wages, rising living costs, and unexpected home‑ownership expenses like doubled insurance premiums. Torabi connects this personal strain to macro‑economic pressure: U.S. government debt now surpasses GDP, with Social Security and Medicare as primary debt drivers. She urges mid‑life listeners to start retirement checklists early, accounting for healthcare, cost‑of‑living, and potential gaps in Social Security benefits.

Finally, Torabi shares two actionable stories. One woman’s investment account vanished overnight, underscoring the need for platform diligence and diversified safeguards. As a counterpoint, she promotes Study.com’s $95‑per‑month online courses that let students earn transferable credits, dramatically cutting traditional tuition. By leveraging affordable digital pathways, families can reduce debt while still meeting degree requirements. The combined insights equip listeners to navigate college costs, protect investments, and plan for a financially secure future.