Last Updated: October 31, 2014
by Andrea Cerny
It’s been said time and again: You can’t put a value on a good education. But in the year 2014, that maxim is under more and more duress. College is expensive, and there’s just no getting around that any more.
Consider the numbers:
According to the U.S. Department of Education, the average tuition at U.S. four-year colleges is $22,261 per year. At some schools, that figure can go as high as $60,000 a year. Furthermore, that’s a figure that’s only rising, not decreasing. Student loans are a whole separate issue. Today, U.S. students owe about $1.1 trillion in loan repayments. That’s more than our current credit card debt.
So what are students getting, exactly, for all that money? A high price tag can sometimes put more stress on students who may feel the need to justify the cost of his or her four years. They may think:
At Cappex, we prefer to focus on what you are getting for the hard-earned money you’re about to spend. College costs aren’t limited to just tuition. There’s room and board, expenses, and other unforeseen costs.“I just got a C+ on my econ mid-term, and if my parents find out they will hit the roof. They just wrote another huge tuition check.”
With that in mind, our brand new The 2015 Cappies™ list is called “Best Value Colleges.” It takes a look at 25 schools that offer the biggest bang for the buck. Some schools are taking truly innovative measures to ensure that graduates come out after four years with solid job prospects and little to no debt. The top schools as determined by our reviewers are highlighted here.
In this new list, you will find colleges who have earned a sterling reputation for their outstanding academics and affordability. They provide what students determine to be a quality education (such as Holy Cross, SUNY, and the U.S. Naval Academy, among others). Furthermore, their tuition rates are comparatively low, and they provide generous financial aid to those students in need.
This marks the third category covered by the Cappies™, with three more to go. Over the next few weeks, we’ll also announce student rankings for the Hardest Colleges, Best Colleges for Activities, and Best College Dorms. Stay tuned for announcements on that front, and in the meantime, please share this blog with an interested friend (or two).
Original Post Date: October 28th, 2014