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I came across this little figure this morning. I've been thinking a lot about tuition lately and how it'll affect the next generation.
USNWR did an analysis. At numer one: College of william and Mary spent $27,572 per student in 2011 making it one of the highest ranked 'Most Financial Resources per Student' schools in the nation.
For ranked universities:
1st College of William and Mary $27,572
2nd University of Georgia $27,028
3rd Clemson U $26,293
4th Virginia Tech $26,261
5th Clark University (MA) $25,073
6th Texas Christian University $24,486
7th Indiana University--Bloomington $22,806
8th College of New Jersey $22,625
9th Binghamton University--SUNY (NY) $22,181
Great to see tuition dollars put to good use. As tuition goes up, up and away while state funding takes a nosedive, I hope to see the average expenditure per student follow suit.
When I was selecting colleges, I felt reasonably confident that I could get enough aid/scholarships, especially since I was staying in-state. I applied to a bunch of in-state public universities, and I only applied to private schools that give good aid or (in the case of Greensboro College) where I was in the running for a big scholarship.
The university I attend, Appalachian State, is featured on Kiplinger's list for public colleges at the #33 spot. As far as North Carolina is concerned, that's behind UNC - which I could never get into, UNC-Wilmington - which I would probably hate because I don't want to live anywhere near the beach, and NC State - which doesn't have my major.
So, I'm attending the best in-state value for me. Honestly I never crunched the numbers. Once acceptances and financial aid info came in my hunch about getting good financial aid at most colleges was correct, so I just picked the one I felt would be best for me academically and personally.
When I was selecting colleges, I felt reasonably confident that I could get enough aid/scholarships, especially since I was staying in-state. I applied to a bunch of in-state public universities, and I only applied to private schools that give good aid or (in the case of Greensboro College) where I was in the running for a big scholarship.
The university I attend, Appalachian State, is featured on Kiplinger's list for public colleges at the #33 spot. As far as North Carolina is concerned, that's behind UNC - which I could never get into, UNC-Wilmington - which I would probably hate because I don't want to live anywhere near the beach, and NC State - which doesn't have my major.
So, I'm attending the best in-state value for me. Honestly I never crunched the numbers. Once acceptances and financial aid info came in my hunch about getting good financial aid at most colleges was correct, so I just picked the one I felt would be best for me academically and personally.
I found it funny that the oldest public universities dominated the list of best value(UNC, UGA and W&M)
I found it funny that the oldest public universities dominated the list of best value(UNC, UGA and W&M)
That isn't really all that surprising. These all being older, well respected, and well established Universities, they each have a very sizable endowment.
It seems that they have been putting those endowments to good use, in order to attract the students that they want. Congrats to these schools.
As a sidebar, this study is a perfect example of why students shouldn't initially be scared off by the stated cost of a particular University or College. You never know just how much financial aid that you may qualify for, until you try.
Not surprising that Princeton leads this list, with an endowment of 17 billion, and a student body of around 7800. Assuming a yearly distribution of 5% of the total endowment, Princeton has the ability to spend roughly $109,000 per year, per student. That's enough to insure that Princeton will never lose any student that it really wants, due to financial considerations.
My take on this is that in general, Colleges or Universities that are older, well respected, and have a relatively small student body, (Ivy league schools) will all likely have a healthy sized endowment, and should all be able to provide very liberal financial aid packages, to the students that they really want.
That isn't really all that surprising. These all being older, well respected, and well established Universities, they each have a very sizable endowment.
It seems that they have been putting those endowments to good use, in order to attract the students that they want. Congrats to these schools.
As a sidebar, this study is a perfect example of why students shouldn't initially be scared off by the stated cost of a particular University or College. You never know just how much financial aid that you may qualify for, until you try.
My take on this is that in general, Colleges or Universities that are older, well respected, and have a relatively small student body, (Ivy league schools) should all be able to provide very liberal financial aid packages, to the right students.
Princeton Review? I might as well conduct a study by dipping my cat's paws in a tub of paint throw her up in the air and see where she lands! (I'm referring to Princeton Review's bunk college party rankings of course. No offense intended)
But I agree. I hope 2013 is a good year for higher ed fiscally. Our universities have suffered so much over the past two decades.
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