Tag Archives: public and private college

College Myths that are NOT True

The four-year college bachelor’s is the unicorn of educational achievements. Another interesting college myth- that you can’t save money for college, or else you won’t qualify for financial aid. Here are several facts and fallacies about starting out at college that will help you breathe easier.

College Myths that are NOT True

College Myths: Debunked!

You’ll graduate in four years.  According to the US Department of Education, less than 38% of students seeking a 4-year’s bachelor’s degree graduate on schedule. “Approximately 58 percent of first-time, full-time students who began seeking a bachelor’s degree at a 4-year institution in fall 2004 completed a bachelor’s degree at that institution within 6 years…” –  U.S. Department of Education.

All colleges cost a fortune. The average college major price tag can range between $48,000 for a public college education and $250,000 at a private university.

If you save money for college, then you won’t be eligible for a student loan. Federal financial aid is based on your income, accessed up to 47% and only 5.64% of savings. Tip: Use a 529 plan to save for college- the money grows tax-free and withdrawals are tax-free, too, as long as the cash is used for school.

You have to choose your major right away. Actually, most college students change their majors during the course of their studies at least once.  Study up on which majors are most profitable. Try not to be too wishy-washy though- each time you change your college major you risk wasting credits on graduation requirements.

You’ll gain a ton of weight during your first year. The fearsome “Freshman 15” is in reality more like 3 or 4 pounds. To knock it off, join a gym that offers student discounts, walk to school, and join more charity runs.

Professors are unapproachable. Don’t shy away from asking your college professor to clarify a point he made in class. Just don’t ask during his lecture! Wait until after class, and then ask him for 1 minute of his time…and keep it that way. Don’t rattle on. Be precise and direct, and he may become one of your best advocates.

It’s okay to skip 8am classes. Many freshman students make the mistake of signing up for an early morning class and then ditching, or just showing up at finals. Don’t make this mistake! Many college professors take roll, and your attendance can affect your grade.

American colleges rule.  According to Jeff Selingo, author of College Unbound: The Future of Higher Education and What It Means for Students, a US education isn’t really all that. “American higher education has lost its way…costs are spiraling out of control and quality is declining, just as increasing international competition demands that higher education be more productive and less expensive.”

Top 10 Colleges with the Best and Worst Graduation Rates

So you made it into the university of your dream. Have you checked your college’s graduation rates? Before taking a gamble on any public or private college, it’s important to know if you’ll be graduating in four years…or longer. The following colleges have the best and worst graduation rates. Is your university listed here? Because it may not be too late to switch…

Top 10 Colleges with the Best and Worst Graduation Rates - See more at: http://bookbargain.com/blog/?p=529&preview=true#sthash.0Vbj5EbU.dpuf

I dreamed a dream…

It’s a sad reality, but most college students who shoot for a four-year degree end up graduating much later than planned, and racking up even more student debt as a result.

Then there are the graduation hopefuls who don’t end up graduating at all, and find themselves without a degree, but with a lot of student loans to pay off…and no job in sight.

Top 10 Worst Private Colleges

If you’re going to one of these private colleges, then you’d better have a Plan B.

These pricey private colleges scored the worst graduation rates:

  1. Western Governors University, Salt Lake City, Utah- Graduation rate: 6.5%
  2. Long Island University – Brooklyn, NY- Graduation rate: 17%
  3. Benedict College, Columbia, SC- Graduation rate: 27.5%
  4. College of New Rochelle, NY-  Graduation rate: 30.1%
  5. Xavier University of Louisiana, New Orleans, LA- Graduation rate: 34%
  6. Barry University, Miami Shores, FL- Graduation rate: 35.4%
  7. Florida Memorial University, Miami Gardens, FL- Graduation rate: 36.2%
  8. Bethune-Cookman University, Daytona Beach, FL- Graduation rate: 36.7%
  9. Hawaii Pacific University, Honolulu, HI- Graduation rate: 38.9%
  10. Columbia College Chicago, Chicago, IL- Graduation rate:  40.5%

Top 10 Worst Public Colleges

Public colleges are a great option to save money on tuition. Still, they’re not free. You can plan on spending thousands of dollars on books and class fees. If you’re attending any of these public colleges, you should consider relocating to a different public college or a private university.

These public colleges have the lowest graduation rate:

  1. Southern University at New Orleans, LA – Graduation rate: 4%
  2. University of the District of Columbia, Washington DC – Graduation rate: 7.7%
  3. Kent State University-East Liverpool, East Liverpool, OH – Graduation rate: 8.9%
  4. Rogers State University, Claremore, OK – Graduation rate: 11.5%
  5. Texas Southern University, Houston, TX – Graduation rate: 13.3%
  6. Ohio University Southern Campus, Ironton, OH – Graduation rate: 13.7%
  7. Kent State University – Tuscarawas, OH – Graduation rate: 13.9%
  8. Purdue University North Central, IN– Graduation rate: 14%
  9. Cameron University, Lawton, OK– Graduation rate: 14.1%
  10. Ohio University at Chillicothe, OH – Graduation rate: 15.6%

Top 10 Best Colleges

According to Bloomberg, you can put your money on Williams College of Williamstown, Massachusetts. Out of all college students who apply for a 4-year bachelor’s degree, 93.25% graduate successfully. For a 6-year bachelor’s degree, a whopping 96.44% graduate.

All in all, these public and private universities have had the best graduation rates for a 4-year bachelor’s degree:

  1. Williams College, Williamstown, MA- Graduation rate: 93.25%
  2. Yale University, New Haven, CT- Graduation rate: 90.44%
  3. University of Notre Dame, South Bend, IN- Graduation rate: 90.08%
  4. Princeton University, Princeton, NJ- Graduation rate: 89.92%
  5. Carleton College, Northfield, MN- Graduation rate: 89.14%
  6. Davidson College, Davidson, NC- Graduation rate: 88.96%
  7. Pomona College, Claremont, CA- Graduation rate: 88.94%
  8. Bowdoin College, Brunswick, ME- Graduation rate: 88.79%
  9. Babson College, Wellesley, MA- Graduation rate: 88.55%
  10. Duke University, Durham, NC- Graduation rate: 88.50%

Your turn!                                                                                                                               

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Like this? Read more:

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Sources:

Bloomberg, Best Graduation Rates: US Colleges

50 state universities with best, worst grad rates

Image courtesy of sippakorn/freedigitalphotos 

 

 

2012 Colleges that were Ridiculously Expensive

The Department of Education just released a list of the most expensive colleges from 2011-2012. While you may not think it’s fair to compare the sticker price for the University of Pittsburgh with the tuition for a private 4-year university such as Harvard, it helps to put things into perspective, especially if you’re part of the middle class struggle for a decent, affordable college education.

2012 Colleges that were Ridiculously Expensive

Which colleges are the most expensive, and which provide a more economical tuition scale? Like Einstein said, it’s all about relativity. Things to consider in choosing a college include highest tuition, overall highest cost per year, and financial aid opportunities.

Are you really dead-set on the college of your dreams, but your professors want you to spend thousands of dollars on college textbooks? You don’t have to shop around. Go to a used textbook search engine, like the one at Book Bargain, and find the best price for your college course materials instantly. Search by USBN number, title, author, or subject.

List of most expensive colleges from 2011-2012

Public colleges with highest tuition

1. University of Pittsburgh- $16,132

2. Pennsylvania State University- $15,984

3. University of New Hampshire- $15,250

4. University of Vermont- $14,784

5. Colorado School of Mines- $14,453

Private colleges with highest tuition

1. Columbia University, New York- $45,290

2. Sarah Lawrence College, New York- $45,212

3. Vassar College, New York- $44,705

4. George Washington University, District of Columbia- $44,148

5. Trinity College, Connecticut- $44,070

Public colleges with highest net price

1. Miami University-Oxford, Ohio- $22,210

2. Pennsylvania State University- $21,342

3. University of Guam- $21,296

4. St. Mary’s College of Maryland- $20,521

5. Pennsylvania State University, Altoona- $20,457

Private colleges with highest net price

1. School of the Art Institute of Chicago- $42,882

2. Ringling College of Art and Design, Florida- $40,222

3. The Boston Conservatory- $39,602

4. Berklee College of Music, Massachusetts- $38,814

5. California Institute of the Arts- $38,802

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