Take a look at the following list of colleges in the US. This list of 58 colleges have the dubious honor of charging over $50,000 a year for tuition, room, etc.
The most interesting thing about this list is why some well-known names are NOT on the list.
You would have thought the obvious names such as Harvard, Princeton, MIT, Stanford, Amherst, Williams, Yale, Caltech, would be among them. Why not?
Elementary Doctor. Those who do not charge the most have big endowments per capita. The larger they are, the more the students are subsidized by the colleges.
I posted a blog earlier re how to choose colleges (or boarding schools) after being asked by too many friends with kids. The first cut is to look at those names with the highest endowment per capita. From them, do a second filter taking into consideration other factors: location, academic reputation, facilities, quality of student counseling and the like.
Choosing a college should not be based solely on cost. A Wellesley in its idyllic setting cannot be compared with, say, Barnard in New York City.
However, if money is an issue, then this list can be useful to your selection process.
These 58 private colleges and universities published rates for tuition, fees, room, and board totaling $50,000 or more in 2009-10. Last year only five institutions did so.
Source: The College Board's Annual Survey of Colleges 2009
Sarah Lawrence College
New York U.
George Washington U.
Johns Hopkins U.
Trinity College (Conn.)
Washington U. in St. Louis
Parsons the New School for Design
Carnegie Mellon U.
Harvey Mudd College
U. of Chicago
Claremont McKenna College
Eastman School of Music, U. of Rochester
U. of Southern California
Mount Holyoke College
Union College (N.Y.)
Stevens Institute of Technology
Franklin & Marshall College
St. John's College (Md.)
Bard College at Simon's Rock
Rensselaer Polytechnic Institute
Hobart and William Smith Colleges
Bryn Mawr College
Franklin W. Olin College of Engineering