The average tuition for one year of private college in the US has reached $23,712… the average state school tuition, $6,185. And tuitions at some schools greatly exceed these figures. But these are sticker prices. Many colleges are discounting tuition. The average private tuition discount is 33.5%, and the average public school discount is nearly 15%. Here’s how to increase the odds that you’ll get a discount…
Examples of no-loan schools: Amherst, Bowdoin, Colby, Davidson, Harvard, Haverford, Pomona, Princeton, Swarthmore, Williams and Yale.
Find a list of schools with favorable financial-aid policies at the Web site of the Project on Student Debt (www.projectonstudentdebt.org, type “Financial Aid Pledges to Reduce Student Debt” into its search engine).
To determine if you qualify for financial aid, use the on-line calculator at www.fafsa4caster.ed.gov. You’ll find more college-funding calculators at www.finaid.org, including an “Expected Family Contribution and Financial Aid Calculator.”
Lots of public institutions also are offering merit-based discounts. These include the University of Virginia, University of Florida, University of South Carolina and Miami University in Ohio.
Another resource: Each school’s “Common Data Set” is a gold mine of statistics that includes information on need-based financial aid, merit aid, student retention, majors, freshman class profiles, gender breakdown and much more. Most schools post their Common Data Sets on their Web sites. To find the information, try a Google search for the name of the school and the phrase “Common Data Set.”
Example: Technical and engineering schools may be more inclined to offer aid to women.