Switch to Desktop Site
 
 

College costs: High-sticker-price schools may cost less in the end

College costs can be deceptive: High priced prestigious schools with big endowments often send students into the world with less college debt than less prestigious schools, says new US News & World Report college survey.

Image

People are led on a tour on the campus of Harvard University in Cambridge, Mass., Aug. 30, 2012. According to statistics released Sept. 10, 2013, by U.S. News & World Report, the average student receiving financial aid at Harvard and Yale paid about a quarter of the sticker price and most graduates leave with smaller debt than peers who attended less prestigious schools.

AP Photo/Elise Amendola, File

About these ads

Don't let the big price tags nix an application to Harvard or Yale. The average student receiving financial aid on those campuses paid about a quarter of the public sticker price and most graduates leave their ivy-covered quads with smaller debts than peers who attended less prestigious schools.

It's not that unusual, according to statistics released Tuesday from U.S. News & World Report. In fact, some of the schools sending graduates out into the world with huge debts are campuses that aren't the bold-faced names that top the typical best-of lists. Many of the best colleges in the country are relative steals for the lucky few who earn admission.

"Folks look at the sticker price and assume that's what everyone is paying. The truth is that the more elite schools have more resources," said Amy Laitinen, a former White House education adviser now at the New America Foundation. "They have huge endowments that they often use to help lower-income and middle-income students – and even upper-income students."

 
Next

Page 1 of 4

Share