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.
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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
$55,788
Landmark College
$53,900
Georgetown U.
$52,161
New York U.
$51,993
George Washington U.
$51,775
Johns Hopkins U.
$51,690
Columbia U.
$51,544
Wesleyan U.
$51,432
Trinity College (Conn.)
$51,400
Washington U. in St. Louis
$51,329
Bates College
$51,300
Vassar College
$51,300
Parsons the New School for Design
$51,270
Carnegie Mellon U.
$51,260
Vanderbilt U.
$51,228
Skidmore College
$51,196
Bard College
$51,180
Harvey Mudd College
$51,137
Connecticut College
$51,115
Tufts U.
$51,088
U. of Chicago
$51,078
Claremont McKenna College
$51,035
Haverford College
$50,975
Boston College
$50,970
Barnard College
$50,969
Colgate U.
$50,940
Bowdoin College
$50,900
Bennington College
$50,860
Eastman School of Music, U. of Rochester
$50,856
Middlebury College
$50,780
Pitzer College
$50,770
U. of Southern California
$50,732
Fordham U.
$50,598
Mount Holyoke College
$50,576
Scripps College
$50,550
Oberlin College
$50,484
Hampshire College
$50,450
Union College (N.Y.)
$50,439
Stevens Institute of Technology
$50,420
Franklin & Marshall College
$50,410
Smith College
$50,380
St. John's College (Md.)
$50,352
Bard College at Simon's Rock
$50,340
Babson College
$50,324
Bucknell U.
$50,320
Colby College
$50,320
Rensselaer Polytechnic Institute
$50,310
Lafayette College
$50,289
Boston U.
$50,288
Hobart and William Smith Colleges
$50,245
Dickinson College
$50,219
Carleton College
$50,205
Tulane U.
$50,190
Northwestern U.
$50,164
Cornell U.
$50,114
Dartmouth College
$50,084
Bryn Mawr College
$50,034
Franklin W. Olin College of Engineering
$50,025
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2 comments:
I'm sorry but I think you are giving bad advice. My kid goes to one of the schools on the over $50k list. Their financial aid offer (grants) was better than any of the schools whose published costs were below $50k.
I think the best advice is to ignore these lists and apply to the schools you want to go to, regardless of price, and wait and see what each school offers in their financial aid package.
I agree that your analogy is flawed. Many of the most expensive schools on a retail level also have the largest endowments when looked at on a per student basis. My son for example started this year at Haverford after an extensive search which included visitng 25 institutions and applying to 12. Haverford gave him the best fin. aid package and I believe that their academics are second to none. If you think the retail price of Amherst and Williams for example is much less - your mistaken. We looked and applied to those schools as well.
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