College Selection, Finds Survey, Often Coming Down To Cost
A study by experts at the University of California, Los Angeles found that price is becoming more of an issue in university selection. This shouldn't be too shocking, as federal loan funding is drying up as tuition is increasing, alongside the belief that it should be in the first place.
Do not forget about cost
Many things have to be considered when choosing a university. The decision could impact the rest of your life. It is essential to pick a school with the right academics so your degree is worth something in the end. It is also essential to pick a school with a good campus life, such as sporting events and whatnot. Distance from home is an especially significant thing to a lot of people. They either want to stay close to home or want to get as far away as possible.
If one is considering a university that is not co-ed, it's also going to get pretty lonely.
A UCLA study was recently done showing that cost is beginning to become an essential factor in choosing a school, according to USA Today. Certainly, it is essential to pay less for a degree, especially if they can get it someplace cheaper.
Many have to think about it
The study looked at 193,000 responses from students at 283 colleges. A couple of years ago, only 62.1 percent of respondents based their decision on economic factors, but that number increased to 66 percent.
Cost of attendance at the institution respondents chose was an issue for 43.3 percent. Their first choice being unaffordable was an issue for 13.4 percent and a lack of financial aid from their first choice of college was a factor for 9.5 percent.
They should
The Wall Street Journal reports that the cost of tuition has increased by 13 percent since the 2007-2008 school years, and that is just at non-profit colleges. Public universities saw a 27 percent increase in the price of tuition, according to the College Board. This is why cost should be factor students consider when picking a school.
About 86 percent of incoming freshman in 2011-2012 school year got some kind of grant, though most schools require freshman to take out fewer loans than seniors. Still, the actual price paid per student only increased 18 percent at public colleges and actually dropped by 4 percent at private non-profits. Most universities are offering more financial aid.
Bad time to graduate
The thing about college is that armed with a degree, one is that much more likely to stay in work their whole life. Joblessness is lower among college graduates, last year's figure, according to the Huffington Post, was 4.4 percent, about two-thirds of the overall joblessness rate. Estimates for combined recent graduate unemployment and underemployment ranged as high as 53 percent, according to a 2012 article in the Atlantic.
About two thirds of all grads had student debt averaging around $26,600, according to the Project on Student Debt which did a study in 2011.
There is a harder time of employment and high chances of getting saddled with debt. Students better think about cost during university selection.
Do not forget about cost
Many things have to be considered when choosing a university. The decision could impact the rest of your life. It is essential to pick a school with the right academics so your degree is worth something in the end. It is also essential to pick a school with a good campus life, such as sporting events and whatnot. Distance from home is an especially significant thing to a lot of people. They either want to stay close to home or want to get as far away as possible.
If one is considering a university that is not co-ed, it's also going to get pretty lonely.
A UCLA study was recently done showing that cost is beginning to become an essential factor in choosing a school, according to USA Today. Certainly, it is essential to pay less for a degree, especially if they can get it someplace cheaper.
Many have to think about it
The study looked at 193,000 responses from students at 283 colleges. A couple of years ago, only 62.1 percent of respondents based their decision on economic factors, but that number increased to 66 percent.
Cost of attendance at the institution respondents chose was an issue for 43.3 percent. Their first choice being unaffordable was an issue for 13.4 percent and a lack of financial aid from their first choice of college was a factor for 9.5 percent.
They should
The Wall Street Journal reports that the cost of tuition has increased by 13 percent since the 2007-2008 school years, and that is just at non-profit colleges. Public universities saw a 27 percent increase in the price of tuition, according to the College Board. This is why cost should be factor students consider when picking a school.
About 86 percent of incoming freshman in 2011-2012 school year got some kind of grant, though most schools require freshman to take out fewer loans than seniors. Still, the actual price paid per student only increased 18 percent at public colleges and actually dropped by 4 percent at private non-profits. Most universities are offering more financial aid.
Bad time to graduate
The thing about college is that armed with a degree, one is that much more likely to stay in work their whole life. Joblessness is lower among college graduates, last year's figure, according to the Huffington Post, was 4.4 percent, about two-thirds of the overall joblessness rate. Estimates for combined recent graduate unemployment and underemployment ranged as high as 53 percent, according to a 2012 article in the Atlantic.
About two thirds of all grads had student debt averaging around $26,600, according to the Project on Student Debt which did a study in 2011.
There is a harder time of employment and high chances of getting saddled with debt. Students better think about cost during university selection.
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