Did You Know?

Did You Know….

College Is Expensive?

  • Average total cost of attendance of an in-state public school in the New England region is $26, 891
  • Average total cost of attendance of an out-of-state public school in the New England region is $40, 403
  • Average total cost of attendance of a private school in the New England region is $54,860

 

People aren’t saving enough?

  • Only 17% of parents saved at least $5,000 for college

 

College is not an expense, it is an investment in your child’s future?

  • College graduates with a Bachelor’s Degree earn $56,500 a year versus $35,400 a year for a high school graduate (Master’s degree = $70,000, PhD= $91,000, Professional Degree = $102,200)
  • College graduates have lower smoking rates, higher levels of civic participation (including volunteering, voting, and blood donation), and lower levels of unemployment

 

The private college counselor business has been booming?

  • 26% of high-achieving students hired an independent college consultant
  • The average family hiring an educational¬†consultant¬†in the U.S. is a public-school family making a middle-class income
  • The average ratio of American public high-school students per guidance counselor is 476 to 1, and guidance counselors spend an average of just 38 minutes discussing each individual student’s college search and application process

 

Help is available and the key is finding it?

  • The 120 colleges with the largest endowments in the country have a total of $320 billion dollars of endowment available
  • 83.5% of students attending private colleges receive a college grant; the average discount (FREE MONEY!) is nearly 40%

 

Finding the “right school” saves you money, the “wrong school” will cost you?

  • 60% of students attend more than one 4-year college
  • Only 36% of students graduate in 4 years
  • Only 57.5% of students graduate in 6 years

 

 

 

Sources

Collegeboard: “Trends in College Pricing”, 2013
Wall Street Journal Online, March 27, 2006
Collegeboard: “Education Pays,” 2013
University of Pennsylvania, Daily Pennsylvania, 2012
Mark Sklarow, Fox Business, May 2011
American School Counselor Association 2011
National Center for Education Statistics, 2007

Octameron Associates, “Don’t Miss Out,” 2009-2010 Edition
Department of Education National Center for Education Statistics, 2007