More Students Factor In Cost For College Selection

By Cornelius Nunev


A study by scientists at the University of California, LA found that price is becoming more of an issue in university selection. This shouldn't be too shocking, as federal loan funding is drying up as tuition is increasing, alongside the truth that it should be in the first place.

Students make price important

College selection is a pretty big deal. There are a lot of things to consider. Distance from home is a big one. Getting there, moving in and subsequent trips home during the holidays involves a ton 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 boring.

It may be a bad idea to pick a university that is not co-ed.

When someone 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 university.

A lot care about economy

UCLA scientists polled almost 193,000 freshmen from 283 colleges, finding that 66.6 percent responded that economic conditions were a factor in their decision. The same survey conducted two years ago found 62.1 percent of respondents asserted that then.

About 43.3 percent said they looked at the price of attendance. About 9.5 percent said a lack of financial aid helped them decide while 13.4 percent said the decision had to do with it being unaffordable.

Prices are really essential

The Wall Street Journal reports that the cost of tuition has increased by 13 percent since the 2007-2008 school years, and that is just at non-profit colleges. Public universities saw a 27 percent increase in the cost of tuition, according to the University Board. This is why price should be factor students consider when picking a school.

About 86 percent of incoming freshman in 2011-2012 school year got some kind of grant, though most schools require freshman to take out fewer loans than seniors. Still, the actual cost paid per student only increased 18 percent at public colleges and actually dropped by 4 percent at private non-profits. Most universities are offering more financial aid.

Graduating into a world of hurt

The thing about college is that armed with a degree, one is that much more likely to stay in work their whole life. Unemployment is lower among college grads, last year's figure, according to the Huffington Post, was 4.4 percent, about two-thirds of the overall unemployment rate. Estimates for combined recent graduate unemployment and underemployment ranged as high as 53 percent, according to a 2012 article in the Atlantic.

About two thirds of all grads had student debt averaging around $26,600, according to the Project on Student Debt which did a survey in 2011.

Students have to be more careful about picking a college considering the higher chances of getting debt and harder time of unemployment.




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