August 27, 2022,
College campuses across the country are opening up and welcoming students back.
Typically, the biggest news focuses on the national pastime of college football, the largest event on most campuses.
Fraternity and tailgate parties will abound. The fall leaves are falling and campuses blossom beautifully. Those are just a few of the reasons that college football season is so spectacular.
There is another major factor.
Revenue.
Regarding football and other sports, ESPN noted, “The NCAA generated more than $1.15 billion in revenue in 2021, returning to normal after the cancellation of the men’s basketball tournament because of the pandemic in 2020 cost the association and its member schools $800 million.”
There are other major news events in 2022, especially when it comes to finance, so let’s take a look at a few of them. And yes, it’s personal.
Trends are emerging where less and less high school graduates are going to college. What is the biggest deterring factor?
Costs.
Has that affected your decision making? For many it has.
As an example, Boston 25 News reported, “According to the State Department of Elementary and Secondary Education, 76.2% of high school graduates from the class of 2015-2016 went on to attend some type of college. By 2020-2021 that number fell to 62.7%.”
Given the rising costs of attending college, that information is not shocking.
The informative news source cbsnews.com adds, “Prices reflect the change from 1992 to 2022:
Boston University: $22,510 to $82,760
Harvard University: $22,080 to $76,763
Boston College: $20,280 to $80,296
UMass Amherst: $8,449 to $31,728.”
With those increases, parents are finding it increasingly difficult to foot the bill.
Another news source, wane.com surmised, “The increase in the cost of college tuition over the past 30 years, which has a lot of people asking a much tougher question: Is a college degree even really worth it anymore?”
If you are a graduating high school student, is that a question that you have asked yourself? Given the costs, is it really worth it?
Searching question.
There may be some hope on the horizon.
The team at insidehighered.com shares, “College costs and student debt continue to rise, and cuts in state funding for higher education have been a major reason why. The good news is that the federal government can play a key role in reversing these trends, making college more affordable for all.”
Good to know. Not a new revelation. Federal grants have been around for decades but sometimes students do not take advantage of those opportunities, especially since many of them do not have to be paid back.
As we travel over to the federal site, studentaid.gov, let’s peek at what opportunities are there. They encourage, “The federal government provides grants for students attending college or career school. Most types of grants, unlike loans, are sources of financial aid that generally do not have to be repaid.
Grants can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants you might be eligible for, and be sure to meet application deadlines!”
That is a great start. What’s available?
They continue, “The U.S. Department of Education (ED) offers a variety of federal grants to students attending four-year colleges or universities, community colleges, and career schools. Check out the grant programs for more details and to learn how to apply:
- Federal Pell Grants
- Federal Supplemental Educational Opportunity Grants (FSEOG)
- Iraq and Afghanistan Service Grants
- Teacher Education Assistance for College and Higher Education (TEACH) Grants.”
Good to know. In fact, great to know.
In terms of affordability, let’s explore more.
Another organization has researched the most affordable colleges for 2022. Here is what they found.
College Consensus Publishes Ranking of the Most Affordable Colleges for 2022
News provided by
Apr 28, 2022, 13:59 ET
HILLSBOROUGH, N.C., April 28, 2022 /PRNewswire/ — College Consensus, a unique college ratings website that aggregates publisher rankings and student reviews, has published its rankings of the 100 Most Affordable Colleges for 2022.
With College Decision Day rapidly approaching, prospective students face the difficult task of selecting a college to attend.
A key factor in this decision? Cost.
“On average, college costs American undergraduate students $35,331 per year, says College Consensus founder Jeremy Alder. “Not only is this number egregious, the vast majority of students don’t have this kind of money on hand—and hesitate to take out massive loans to cover the cost. That’s where affordable colleges really shine.”
“Affordable colleges allow students to receive a quality education—without breaking the bank and setting themselves up for a lifetime of loan repayment,” continues Jeremy Alder.
To determine the Most Affordable Colleges, College Consensus ordered colleges from lowest to highest out-of-state tuition & fees for full-time undergraduates using the latest tuition data from the National Center for Education Statistics.
The Top 10 Most Affordable Colleges for 2022 are:
- United States Merchant Marine Academy
- Brigham Young University-Idaho
- Aspen University
- Columbia Southern University
- Brigham Young University-Hawaii
- Brigham Young University
- Warner Pacific University Professional and Graduate Studies
- Central Methodist University-College of Graduate and Extended Studies
- United States University
- Huntington University of Health Sciences
Visit the ranking to view the full list.
“It’s no secret that large-scale changes need to be made to reduce the cost of college for students, continues College Consensus founder Jeremy Alder. “In the meantime, students should have access to reputable information about the price tag of college so they can make the best decision for themselves and their futures.”
In addition to offering an innovative approach to college and graduate school rankings, College Consensus also offers expert advice and guidance on all aspects of college life, from finding the perfect college, to getting accepted, paying for it, applying to and attending graduate school, and finding a professional path after graduation.
For information on leveraging this award, winners may contact College Consensus’ licensing partner, Wright’s Media, at collegeconsensus@wrightsmedia.com.
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https://www.wane.com/news/are-skyrocketing-college-costs-worth-the-return/
https://studentaid.gov/understand-aid/types/grants
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