Cost should always be an issue in university selection, though a fair number of students are aware of this. A recent survey of recent freshmen by researchers from UCLA found it is becoming a very big factor in their selection of alma mater.
UCLA study claims cost matters in college selection
University selection is a pretty big deal. There are a lot of things to consider. Distance from home is a large one. Getting there, moving in and subsequent trips home during the holidays involves a lot of logistics. Academics are another, as one certainly doesn't want a worthless degree from a diploma mill and certain colleges are known for specializing in particular fields. Campus life is another, because quite frankly college can get dull.
If one is considering a university that isn't really co-ed, it's also going to get pretty lonely.
When somebody can get a degree for cheaper somewhere else, it is essential 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.
Economic conditions matter
The survey looked at 193,000 responses from students at 283 colleges. A couple of years back, only 62.1 percent of respondents based their decision on economic factors, but that number increased to 66 percent.
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.
Should be looked at
It is really significant to look at the price of university, specifically as those costs are increasing. From the 2007-2008 school years, there was a 13 percent increase in tuition to 2012 at non-profits. That was 27 percent at public universities, which is a ton, according to the Wall Street Journal.
It is also important to look at the net being paid since more colleges are offering grants and scholarships. There was really a 4 percent decrease in what students actually paid out of pocket for private non-profit universities and an 18 percent increase for public universities and colleges, which is not nearly as bad as you might think. People end up taking out more loans as seniors though since most colleges offer more grants and scholarships in the beginning.
Graduating into a world of hurt
There are a lot of bonuses for people who get college education. Graduates usually have a lower joblessness estimated at around 4.4 percent, according to the Huffington Post, and people are much more likely to stay in work their whole life with the job. The issue that recent grads are dealing with is actually getting the job though, according to a 2012 Atlantic article. In fact, the rate is about 53 percent for recent grads with joblessness and underemployment.
According to CNN, a study by the Project on Student Debt, part of the Institute for College Access and Success, found that as of 2011, almost two-thirds of all grads did so with student debt. The average debt was $26,600.
Students need to be more careful about picking a university considering the higher chances of getting debt and harder time of unemployment.
UCLA study claims cost matters in college selection
University selection is a pretty big deal. There are a lot of things to consider. Distance from home is a large one. Getting there, moving in and subsequent trips home during the holidays involves a lot of logistics. Academics are another, as one certainly doesn't want a worthless degree from a diploma mill and certain colleges are known for specializing in particular fields. Campus life is another, because quite frankly college can get dull.
If one is considering a university that isn't really co-ed, it's also going to get pretty lonely.
When somebody can get a degree for cheaper somewhere else, it is essential 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.
Economic conditions matter
The survey looked at 193,000 responses from students at 283 colleges. A couple of years back, only 62.1 percent of respondents based their decision on economic factors, but that number increased to 66 percent.
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.
Should be looked at
It is really significant to look at the price of university, specifically as those costs are increasing. From the 2007-2008 school years, there was a 13 percent increase in tuition to 2012 at non-profits. That was 27 percent at public universities, which is a ton, according to the Wall Street Journal.
It is also important to look at the net being paid since more colleges are offering grants and scholarships. There was really a 4 percent decrease in what students actually paid out of pocket for private non-profit universities and an 18 percent increase for public universities and colleges, which is not nearly as bad as you might think. People end up taking out more loans as seniors though since most colleges offer more grants and scholarships in the beginning.
Graduating into a world of hurt
There are a lot of bonuses for people who get college education. Graduates usually have a lower joblessness estimated at around 4.4 percent, according to the Huffington Post, and people are much more likely to stay in work their whole life with the job. The issue that recent grads are dealing with is actually getting the job though, according to a 2012 Atlantic article. In fact, the rate is about 53 percent for recent grads with joblessness and underemployment.
According to CNN, a study by the Project on Student Debt, part of the Institute for College Access and Success, found that as of 2011, almost two-thirds of all grads did so with student debt. The average debt was $26,600.
Students need to be more careful about picking a university considering the higher chances of getting debt and harder time of unemployment.