Ep. 308 | When Is It Okay To Spend $400K On College?

Ep. 308 | When Is It Okay To Spend $400K On College?

From PrepWell Podcast with Phil Black by Phil Black

February 22, 2026 · 13 min

About this episode

Phil Black discusses the limited circumstances under which spending $400K on college may be justified.

In today's episode, I propose the only 5 cases which justify spending $400K on college. you're rich you're poor your child has a $400K trust fund your child was born to be an investment banker your child won an ROTC scholarship If your family doesn't fall into one of these categories, your child should not consider colleges that charge $100K/year. Follow us: ⁠⁠⁠⁠⁠⁠Enroll in PrepWell Academy⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Follow on Instagram⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Follow on Facebook⁠⁠⁠⁠⁠⁠ Follow me on ⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠ or ⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠ Give us a review Share this episode with a friend Join our mailing list (by opting in on the homepage or in this article) ⁠⁠⁠⁠⁠⁠Enroll⁠⁠⁠⁠⁠⁠ your 9th or 10th grader in the program PrepWell Academy's Founder, ⁠⁠⁠⁠⁠⁠Phil Black⁠⁠⁠⁠⁠⁠ , has spent a lifetime cracking the code on the world's most competitive programs: Yale University, Harvard Business School, Navy SEALs, Goldman Sachs, Entrepreneurship, Shark Tank (2X), etc.

People in this episode

Host: Phil Black

Topics covered

  • college spending
  • financial planning
  • education investment
  • trust funds
  • scholarships

Keywords

  • college costs
  • financial aid
  • investment banking
  • ROTC scholarship
  • trust fund

Mentioned in this episode

Organizations: PrepWell Academy, Yale University, Harvard Business School, Navy SEALs, Goldman Sachs

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