More Students Factor In Cost For College Selection
Experts from the University of California, LA, found in a recent study of freshman students that price is a huge factor in university selection. It should be. Tuition is going up along with debt loads and unemployment for recent graduates.
Do not forget about cost
There are a ton of things to consider when choosing a college. Clearly, academics should be the number one thing a person looks at when choosing a school, but it also has a lot to do with the Campus life. That consists of all sporting events. People also consider distance from home and the way much time they will have to spend to make trips home.
Co-ed colleges are pretty important to most college students.
When somebody can get a degree for cheaper someplace else, it is very important to do that whenever possible, according to USA Today. A recent UCLA study was done showing that most students now consider the price of school when choosing a college.
Over half look at cash
UCLA researchers polled almost 193,000 freshmen from 283 colleges, finding that 66.6 percent responded that economic conditions were an issue in their decision. The same study conducted two years back found 62.1 percent of respondents asserted that then.
The deciding factor was cost of attendance for 43.3 percent of respondents. The unaffordable price was cited by 13.4 percent while 9.5 percent said it had to do with a lack of financial aid.
Must be looked at
It bloody well should be an issue in university selection. Those costs are increasing. The College Board, according to the Wall Street Journal, found as of 2012 tuition has gone up by 13 percent since the 2007-2008 school year at non-profit private colleges, inflation-adjusted, but a whopping 27 percent at public universities.
They may not pay the whole amount, though. Most universities contribute some financial aid and as a result, the net price, what students actually paid, increased by18 percent for public universities and colleges and fell by 4 percent at private non-profits. Additionally, roughly 86 percent of incoming freshmen received some kind of grant over 2011-2012, though universities often front-load grants, meaning seniors get more funding from loans than freshmen.
No jobs for graduates
The joblessness and underemployment rates combined equal about 53 percent of recent grads, according to the Atlantic. That is really bad news. The good news is that people with a degree in general end up with less unemployment, a rate at around 4.4 percent, and more job opportunities. As long as a recent graduate can really get the job, they are expected to keep working the majority of the time.
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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