We all hear stories and reports from various sources telling us that college costs are rising at an alarming rate. However, it is not at every college. Which ones are a bargain, and which ones are truly very expensive?
Now, the Education Department has just completed doing an analysis of the nation’s most expensive colleges and university. This report was commissioned by Congress and includes both private and public institutions.
The purpose of the report was to shame colleges and universities who have been significantly increasing tuition prices. However, the final report that was completed also includes the names of the least expensive private and public schools.
It is important to understand what this report is including as costs. All the schools are ranked according to their tuition net prices. In other words the tuition noted in the report is the cost of the tuition after the average scholarships and grants are deducted. This means the actual “off the shelf” price would be a lot higher.
Here is something interesting that I gleaned from a quick review of the report. Just looking at the net price listed in the report, it appears that eight of the 10 most expensive institutions are art schools or music conservatories.
Furthermore, as you can imagine just a bit over half of the priciest schools are located on the East Coast and another five are located in California.
Take a Look For Yourself
The Education Department has developed a simple interactive website where anyone can do a free search based on several factors and have an instant report. You can access the site here: http://collegecost.ed.gov/catc/Default.aspx
My college planning clients never have to worry about these reports because my clients know how to minimize their tuition costs below these published reports. How? Well, I share this information at my FREE College Planning workshops.
You are now cordially invited to attend the next live workshop. Take advantage of the summer to attend my timely and informative workshop that will give you the advantage you and your student need to get into the college of your dreams and not go broke.