Considering the "Best Value" in College Choice
May 27, 2010
by Scholarships.com Staff
As the dust has settled and students have made their decisions on where they’ll be come fall, a number of news outlets have been taking a look at whether any trends have emerged among incoming freshmen.
A series this week from CNN and the resulting New York Times article about it are interested in whether students were particularly mindful this year in choosing the better value among their college options, rather than decisions based on reputation, prestige, and “name brand” alone. Whatever students’ reasoning for it—rising costs of tuition and fees, a struggling economy, future plans to attend graduate and professional school among them—anecdotal evidence points to “yes.”
The CNN series first takes a look at a student who chose a state school over Boston College when it came down to making his final choice. He did so because of his aspirations after he’s done with his undergraduate career; he wants to go to medical school. The series then looks at a recent graduate from New York University who finished his degree with more than $250,000 in debt. The same student turned down a full scholarship from another school considered less well-known than NYU.
We always caution about making your college decision based on name alone. You’re determining where you’ll be for the next four years, after all, and it’s important to think about things that will result in a better fit for you rather than the boasting you’ll be able to do if you go to a big name school. (Some things to consider may be whether your choice is strong in your intended field of study, location, and what kinds of things you need in a school outside of academics.) And, as the news pieces above describe, it may be a wise choice to consider how much student loan debt you’ll be in once you’re done with school. Sure, private colleges often make up a bit for their high tuition and fees by offering more in financial aid, but students still often find themselves faced with the decision of paying less for their education if they attend a public state school, a community college, or a school that may be closer to home than they’d like.
No matter what we say though, prestige will still top many students’ lists as their main priority in college choice, as many students have had the dream of attending an Ivy League school since they could walk. How about you? What were your main considerations when you were choosing where to go to school this fall? Did you have to choose between a school that was a better value over one with more prestige?