04-27-2016, 10:14 PM
sanantone Wrote:Cheapest to most expensive by sector: public two-year (in-district), public four-year (in-state), for-profit, public four-year (out-of-state), and private non-profit.
Average Published Undergraduate Charges by Sector, 2015-16 - Trends in Higher Education - The College Board
The data are based on published tuition rates, not what students actually pay. Sticker prices at private, non-profit colleges are often higher than what students pay due to there being more grants and scholarships offered in comparison to for-profit colleges. On average, students of for-profit colleges graduate with the highest student loan debt. To be fair, for-profit colleges do tend to have a higher share of economically disadvantaged students. However, it does highlight how published tuition rate is not indicative of how much a student will actually pay.
http://ticas.org/sites/default/files/pub...ources.pdf
Since people often like to point out the high cost of Ivy League colleges, Princeton students graduated with an average of $6,600 in debt in 2014 even though the sticker price is over $41,000 per year.
10 Colleges Where Graduates Have the Least Debt - US News
I agree that Ivies CAN be less expensive overall since many students get scholarships, grants and tuition breaks. Harvard, for instance, only makes you pay up to 10% of tuition if your parents make up to $150k. What that means is that lower (haha) income students pay less than the rack rate. But I would point out that many of their students come from families with high incomes, thus they take out fewer student loans - they can afford to pay cash.
Just pointing out that non-profits are not necessarily cheaper than for-profit schools.
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