Professional Documents
Culture Documents
Prepared especially for our clients and their families The information included in this newsletter is general and does not constitute educational, financial, accounting, legal, or other
professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on the material contained
herein. Copyright © 2015 by The College Advisor, Inc. All rights reserved.
College Admissions Strategies
Financial Matters: Finding Affordable College Options
cation is the number of years required Arizona, California, Colorado, Hawaii,
to obtain a degree. Students at private Idaho, Montana, Nevada, New Mexico,
colleges have a much better chance of North Dakota, Oregon, South Dakota,
completing their undergraduate studies Utah, Washington and Wyoming.
in four years than do those at state- The Academic Common Market pro-
supported schools. A recent study vides reduced tuition (often at in-state
showed that the graduation rates of levels) for students in sixteen southern
private universities are 62% greater states who want to pursue degrees not
than those of public colleges. available at their own in-state public
Our uncertain economic climate has universities. Undergraduate reciprocity
prompted many families to eliminate all Smaller class sizes, more contact with programs are available to students in
but public colleges and universities professors, higher likelihood of timely Alabama, Arkansas, Delaware,
when compiling a college list. While graduation, tuition breaks through cam- Georgia, Kentucky, Louisiana, Mary-
the sticker price for tuition at state- pus-based financial aid—for all of land, Mississippi, Oklahoma, South
supported colleges does appear to be these reasons, private colleges can be Carolina, Tennessee, Virginia, and
lower than that at private institutions, the more affordable choice for college. West Virginia.
it’s important to consider the real costs When looking at public options, don’t Some state universities, such as the
involved in college education. overlook opportunities in public univer- University of Texas at Austin, attract
Budget cuts have forced public institu- sities in nearby states. Through agree- highly qualified students to their state
ments developed between some by offering them scholarships that in-
tions to increase tuition, eliminate aca-
neighboring states, many out-of-state clude the right to pay in-state tuition.
demic programs, raise class sizes, and
students pay tuition at the same or only Other state systems, such as that of
reject greater numbers of applicants. the Virginia public colleges, have a
slightly higher rate than would in-state
Private colleges have also had to tight- residents. For example, students from tuition structure that may result in out-
en their belts, but larger endowments Illinois, Indiana, Kansas, Michigan, of-state students paying no more than
have generally reduced their cost- Minnesota, Missouri, Nebraska, North they would for a similar education in
cutting measures. As in the past, stu- Dakota and Wisconsin may be eligible their home state.
dents attending private colleges re- for tuition reductions at certain public The bottom line is to check out prices
ceive significant amounts of financial mid-western institutions through the at all programs of interest to you. You
aid and scholarships, often reducing Midwest Student Exchange Program. may just be surprised by the cost of
their final cost to amounts close to or The Western Undergraduate Exchange studying out-of-state or at a private
even less than what they might pay at (WUE) program allows residents of college. Include both publics and pri-
a public institution. member states to enroll in participating vates on your final list and you’ll be
Further affecting the total cost of edu- institutions at a reduced tuition. States able to
served by WUE include Alaska, spring.