An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make
College is expensive; there’s no getting around that. In many parts of the US, spending four years at a state university costs over $100,000. And if you opt for an elite, private college, then you can triple that figure – coughing up about $300,000 overall.
That’s a lot of money – and we’re still only talking about a single student. Many families send several kids to college; multiply those figures by two or three, and suddenly you’re looking at a small fortune.
So, the stakes are high. But it’s worth pausing to examine that price tag. What really determines the price of a college education? And do most students actually pay full price?
The key message here is: Most students pay less than the list price.
A university’s list price is the standard, undiscounted figure that you’ll find in its promotional material. Often, it’s high – but the good news is that most students can expect to pay less.
Why is that? Let’s start with familiar territory: need-based financial aid. These are the grants and price reductions that colleges and the government provide to less well-off families. Because these discounts are need-based, they don’t take your academic abilities into account.
But, in addition to this type of price reduction, there’s the murky and often confusing world of merit aid.
Merit aid is designed to make a school’s offer more enticing. In general, schools offer merit aid for two reasons.
First of all, it’s a good way of attracting talented students. A student whose grades are good enough for an Ivy League school might end up registering at a less prestigious institution instead if the price is right.
Second, lots of colleges recognize that their list price is just too high for families to afford. If they want enough students on their books, schools often have no choice but to offer merit aid.
So what’s the upshot of this? Well, merit aid and financial aid can add up. At public universities in the 2019–2020 academic year, the average full-time, first-year student attending college for the first time got a discount of 52.6 percent off the list price of tuition. After discounts, families paid on average $15,400 for full-time, in-state students – including tuition, room, and board.
Students at private schools can expect to pay almost double that – $27,400 on average.
The Price You Pay for College (2021) is a one-stop shop for everything you need to know about choosing a college and financing your education. Exploring mentorship, financial aid, and graduate salaries, it clarifies an often confusing world, aiming to ensure that students’ momentous decisions are informed ones.
Research takes time. Teaching takes time. Scholars have only so much of it.
Ich bin begeistert. Ich liebe Bücher aber durch zwei kleine Kinder komme ich einfach nicht zum Lesen. Und ja, viele Bücher haben viel bla bla und die Quintessenz ist eigentlich ein Bruchteil.
Genau dafür ist Blinkist total genial! Es wird auf das Wesentliche reduziert, die Blinks sind gut verständlich, gut zusammengefasst und auch hörbar! Das ist super. 80 Euro für ein ganzes Jahr klingt viel, aber dafür unbegrenzt Zugriff auf 3000 Bücher. Und dieses Wissen und die Zeitersparnis ist unbezahlbar.
Extrem empfehlenswert. Statt sinnlos im Facebook zu scrollen höre ich jetzt täglich zwischen 3-4 "Bücher". Bei manchen wird schnelle klar, dass der Kauf unnötig ist, da schon das wichtigste zusammen gefasst wurde..bei anderen macht es Lust doch das Buch selbständig zu lesen. Wirklich toll
Einer der besten, bequemsten und sinnvollsten Apps die auf ein Handy gehören. Jeden morgen 15-20 Minuten für die eigene Weiterbildung/Entwicklung oder Wissen.
Viele tolle Bücher, auf deren Kernaussagen reduziert- präzise und ansprechend zusammengefasst. Endlich habe ich das Gefühl, Zeit für Bücher zu finden, für die ich sonst keine Zeit habe.
Hol dir mit Blinkist die besten Erkenntnisse aus mehr als 7.000 Sachbüchern und Podcasts. In 15 Minuten lesen oder anhören!
Jetzt kostenlos testen
Blink 3 von 12 - Eine kurze Geschichte der Menschheit
von Yuval Noah Harari
