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The Importance of Graduation Rates in College Planning

Posted by Manuel Fabriquer on Mon, Oct 29, 2012 @ 3:00 AM

One aspect of college planning that is very important for ever family to consider is the institution's ability to graduate your student.  Graduation resized 600

Today, with the cost of a college education being so high it is no longer financially responsible to just hope or expect that your student will graduate within four years.  

Years ago the reason that some students took so long to graduate had more to do with the student than the university.  These days, more often than not it has more to do with the particular school than with the student.  

The reasons vary from school to school and by major.  In other words, not all majors will suffer the same graduation problems at the same school. For example, although many of Ivy League schools have very good graduation rates for undergraduate programs, it may not be the same for graduate students attending the same school.  

Recently I had the opportunity to review the microsite, The Chronicle of Higher Education and see what colleges had the worst graduation rates in the country.  Although, this site only looked at 3800 schools, it did provide a pretty decent overview of the situation.  Also, note that a good graduation rate is defined as a student graduating within six years according to this site.

Here are the top 25 private colleges and university with the best graduation rates.

1.    Harvard University, 97.4 percent
2.    Yale University, 96.3 percent
3.    University of Notre Dame 96 percent
4.    Princeton University, 95.7 percent
5.    Brown University, 95.6 percent
6.    University of Pennsylvania, 95.5 percent
7.    Dartmouth College, 95.4 percent
8.    Williams College, 95.1 percent
9.    Stanford University, 94.7 percent
10.    Wesleyan University, 94.4 percent
11.    Northwestern University, 94.4 percent
12.    Duke University, 94.3 percent
13.    Washington University - St. Louis, 94 percent
14.    College of the Holy Cross, 93.3 percent
15.    Vassar College, 93.3 percent
16.    University of Chicago, 92.9 percent
17.    Massachusetts Institute of Technology, 92.9 percent
18.    Cornell University, 92.8 percent
19.    Georgetown University, 92.5 percent
20.    Columbia University, 92.5 percent
21.    Bucknell University, 92.3 percent
22.    Rice University, 91.6 percent
23.    Tufts University, 91.1 percent
24.    Boston College, 91 percent
25.    Middlebury College, 91 percent

Here is the list of the 25 Private colleges and universities with the worst graduation rates.

1.    Western Governors University, 6.5 percent
2.    Long Island University - Brooklyn, 17 percent
3.    Benedict College, 27.5 percent
4.    College of New Rochelle 30.1 percent
5.    Xavier University of Louisiana, 34 percent
6.    Barry University, 35.4 percent
7.    Florida Memorial University, 36.2 percent
8.    Bethune-Cookman University, 36.7 percent
9.    Hawaii Pacific University, 38.9 percent
10.    Columbia College Chicago, 40.5 percent
11.    Lynn University, 42.6 percent
12.    Clark Atlanta University, 43.1 percent
13.    Oklahoma Christian University, 43.9 percent
14.    Long Island University C.W. Post,  44.1 percent
15.    Lindenwood University, 44.9 percent
16.    Tuskegee University, 46.4 percent
17.    Curry College, 47.4 percent
18.    Campbell University, 47.8 percent
19.    Lee University, 48 percent
20.    Widener University, 48.1 percent
21.    New York Institute of Technology - Old Westbury, 48.2 percent
22.    Liberty University, 48.2 percent
23.    Franklin Pierce University, 49.1 percent
24.    University of Indianapolis, 49.8 percent
25.    Florida Southern College, 51.5 percent

When it comes to college planning it is so important that parents and students know the real facts about the schools they are contemplating.  Many times what we all perceive to be a good college or university may in fact be a bad choice for your student given their intended major and the graduation rates at that school.

The last thing any family or student wants to deal with is feeling stuck unable to graduate because classes are not available to meet the final requirements.  This is something that is not publicized, and many times a student finds out only when it is too late.

This is why you need to attend one of my FREE College Planning Workshops and get the real facts behind all the fancy websites and beautiful brochures.

I make it my responsibility to know as much as possible about the various colleges and universities so that you have the information you need to make the best informed decision.   All this helps you save time and money.  

So, please accept this personal invitation to attend my next FREE College Planning Workshop and get the real facts you need.
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Tags: graduation rates, college planning, College Planning News

College Planning ABC shows what is behind rising college tuition

Posted by Manuel Fabriquer on Tue, Oct 2, 2012 @ 3:02 AM

Money falling resized 600
We have all heard how tuition costs are rising to all new levels.  In fact, The College Board has stated that since 1990 tuition and fees at four-year public schools have risen 150% to an average $8,244 per student this past academic year.

They also showed how during the same period federal grants and tax benefits rose 242%, to an average $4,292 per student.  Finally, The College Board and others have stated that student Federal loans have tripled during this same period.

Now, a new study published by the National Bureau of Economic Research has addressed one aspect of why tuitions may be rising.   This working paper is authored by Claudia Goldin of Harvard University and Stephanie Riegg Cellini of George Washington University.

In their research Goldin and Cellini have discovered an interesting relationship between increasing financial aid and the increase in tuition costs at for-profit schools. 

Their findings demonstrated how tuition at for-profit schools where students received federal aid was 75% higher than tuition at comparable for-profit schools whose students didn't receive any aid.

When they looked at the actual dollar amount the difference in the tuition increase between these two types of institutions averaged $3,390 more at institutions where students received federal aid.  It just happens to be that this increase is the same amount of federal aid that was available to these students.  In other words, the tuition increased to match what the students could borrow.

Economist Andrew Gillen of the Center for College Affordability and Productivity saw similar findings with regards to law-school tuition, which has climbed faster than undergraduate tuition.  Gillen believes a main factor was that law-school students can borrow much more from the federal government--as much as $138,500 over their lifetime.

These findings are not global and need to be taken into perspective.   For example, a spokesman for Education Secretary Arne Duncan said, the administration believes there is a link between federal aid and tuition increases at for-profit schools, but that it sees no such tie with public and nonprofit schools.

The fact remains that costs are increasing and there is no sign of them reducing in the near future.  Now more than ever it is critical for any family sending their student to college to fully understand how to finance that education.

At my College Planning Workshops, I review the most current information regarding the costs associated with the various universities.  What is more important, is the information I provide that shows you step-by-step how to reduce those costs so that you can send your children to college and still afford to retire.

Many families will not be aware of the many strategies that are available and end up sacrificing unnecessarily to educate their son or daughter. 

It just does not have to be that way.  Your first step is to sign up for my next College Planning ABC workshop.  Just click on the button below and I will see you there.

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Tags: college planning abc, college planning, cost of attending college, money for college, cost of college