Last month, the Department of Education announced the release of earnings and debt levels by major and school. This is a fantastic level of transparency when a career path is already in mind. The data is available on College Scorecard.
For example, a student looking at Seattle University would see that the average annual cost is $35,006, with graduates’ starting salaries ranging from $22,000-$84,000 and median debt between $19,000-$27,650. Those are huge ranges, so not particularly helpful– owing $25,000 is not a problem if you’re making $80,000, but it probably is if you’re making $20,000. If you’re a nursing student, on the other hand, the numbers are considerably better:
Where do you find this data? Go to College Scorecard, then search for a school, then expand the Fields of Study link.
What do Harvard, Yale, MIT, Princeton, University of Connecticut, University of Oklahoma, Ohio State, Washington & Lee, Notre Dame and Michigan State have in common? Each had a student selected as one of this year’s Rhodes Scholars. The Rhodes Scholarship is arguably the most prestigious and competitive scholarship available to American students, and the size and diversity of the applicant pool– over 2,900 students endorsed by 298 different colleges and universities– speaks to the academic and leadership excellence of the 32 selected students.
It’s also testimony to the fact that you do not need to attend an expensive or reach school to compete at this level: 1/4 of these scholars attend public universities that admit more than 50% of applicants, according to College Navigator.
Many families think there’s no point in doing the FAFSA because they assume they don’t have financial need. That reflects a fairly limited view of the FAFSA; in fact, there are plenty of good reasons why every family of a student who’s even potentially college-bound next year, regardless of the family’s financial position, should do it. Continue reading Haven’t Done the FAFSA Yet? Here’s Why You Should→
Isn’t it horrible that organizations like US News & World Report rank colleges? Remember the good old days when you could just go to college and not worry about rankings? When admissions departments focused on finding best-fit students, not best test score students? Continue reading College Rankings→