Is it worth it to spend $580 on an iPhone?

Right now I have the HTC Radar with T-mobile and I really hate the phone. Next year I'm going to college and want to get the iPhone because of the variety of apps that it has (especially social apps) and I think it would be a great thing to have in college. My parents would pay for my plan, but Id have to pay for the phone, so the fact that the plan is cheaper doesn't do too much for me. So is the iPhone worth its full price tag for a 4 year college student?

Of course not.

$580 is more then i spend on my mortgage for a 4 bedroom, 2 story home on 11 acres in a month.needless to say, i could find better things to spend the money on.

I'd go with an Android, more specifically a Galaxy. It does everything an iPhone does, and more, for a fraction of the price. I was able to get a Samsung Galaxy Player for $200 new, which is under half that. So I'd suggest looking through some Androids instead, since they're better quality phones with expandable storage, for a fraction of the price.