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College Tuition or Handbag

According to the Harvard College Handbook for Students, the cost of undergraduate tuition for the 2011-2012 academic year is $54,561, including room and board. Based on this figure, it would cost $218,244 for a student to graduate. A family with five brilliant, enterprising children could send their charges to the esteemed bastion of learning for just over $1 million.

If sending one’s children to college isn’t a priority, perhaps accessorizing is. If that’s the case, why not look into Chanel’s “Diamond Forever” Classic Bag? At $261,000 a pop, it costs more than an entire undergraduate education at Harvard, so it will only be necessary to buy four of them to exceed $1 million.

Getty Imageschanel.com