Skip Navigation Links

How Expensive is "Too Expensive" for a College Education?

Students Willing to Spend More for Academics, Prestige

November 4, 2010

Students Willing to Stretch Finances to Attend Expensive Colleges with Prestige and Strong Academics

by Alexis Mattera

The true cost of a college education is seldom the number that’s printed in school brochures and on various college comparison lists. When you figure in federal aid, scholarships, grants, room and board, books and supplies, that price fluctuates. One thing remains constant - higher education doesn’t come cheap - but a new poll finds students are willing to stretch their finances for several key factors.

In April, right up until enrollment deadlines, students were still considering “too expensive” schools and were willing to stretch to pay for their education, poll conductors the College Board and the Art & Science Group report. While it would be more financially sound to select the school with the lower tuition and better financial aid package, “too expensive” colleges remained in play if they had strong academics in students’ fields of interest, were places students felt comfortable, had prestigious academic reputations or had excellent records of graduate school acceptance or good job placement after students graduated. Here’s the breakdown:

  • Twenty-six percent of students surveyed said their family would have to stretch a lot, but “I think we’ll make it.”
  • Twenty-two percent chose “I’m not sure how my family will afford to send me to college, but I believe we’ll work something out when the time comes.”
  • Eleven percent said, “I don’t think my family can afford to send me to college, but we are going to try.” Nearly 40 percent of students surveyed did not have a sense of long-term costs, citing “no idea” what their likely monthly payment on student loans would be after graduation.

If you think back to every award show you’ve ever seen, you’ll recall those who do not win always say it is an honor just to be nominated. The same can be said for college admissions: It’s an amazing achievement to be accepted to a prestigious college but is attending worth it if the cost of attendance is going to drive you and your family into debt?


Comments

by Emily

The stress and financial hardships of textbook buying may soon be a thing of the past, as a vast array of textbook rental options are expected to debut or expand this year.  According to a recent article in The New York Times, students will have increasing options for renting, instead of purchasing, the required books for many common courses.  Rental prices are usually substantially discounted from the retail value of the book and students who rent textbooks will not have to worry about whether or not the bookstore will buy back their text at the end of the semester.

A number of colleges and universities have unveiled on-campus textbook rental programs in recent years, making the texts for popular introductory courses available for a small fee.  More bookstores have begun to get in on this, with Barnes and Noble announcing a pilot program this year that will allow students at a few colleges to rent textbooks from their campus bookstores.  These programs allow students to rent textbooks as easily as they can buy them from the campus store, though they're still only available at a handful of colleges and for a handful of textbooks.

Several websites have emerged in the last couple years offering online textbook rental services to students anywhere in the country.  These sites often have a wider array of books available for rental, though after shipping costs are figured in, their discounts may not necessarily be as deep as those offered by some bookstore-based rental programs.  Similar to buying textbooks online, online rentals also require some forethought and don't work well with last-minute schedule changes.  Students have to order their books early enough to have them in hand by the time they begin receiving reading assignments.

Addressing this need for immediately available content is one publishing house that recently announced plans to enter the textbook rental market.  One company, Cengage Learning, plans to rent a number of its most popular titles to students and make the first couple chapters of each book available online to customers who have rented a physical text.  This reduces the stress of waiting for the book to arrive.

Taking advantage of textbook rental programs, as well as other options like used books and free online books, can help you stretch your college savings and scholarship awards further.


Comments

by Agnes Jasinski

The cost of books and supplies may not seem like all that much when compared to the thousands of dollars you’re spending on tuition, fees, and room and board, but it’s still painful to drop $100 or more on a textbook you may not even use as often as your professors think. Recognizing your pain, colleges are looking for ways to reduce the costs of textbooks without sacrificing instruction.

At Rio Salado College in Arizona, administrators issued the rule that faculty members must choose one printed textbook for all sections of each course. At most colleges, professors and instructors are able to choose different books for different sections, leading to a rise in cost of those books because colleges aren’t able to purchase them in bulk. At Rio Salado, the school’s relationship with Pearson has allowed them to cut costs even more by promised the publisher it would be the school’s sole supplier. According to an article in Inside Higher Ed today, those decisions have allowed the college to retail textbooks for about half of what they would have charged under the old system. This kind of standardization wouldn’t work at all colleges, according to the article. Many professors use books they’ve authored, or customized texts based on what they’d like to highlight in their sections.

Elsewhere, campus bookstores have joined the textbook rental trend to respond to students going online to rent print copies of the requisite texts. Even though many students are able to recoup some of the cost of their books by selling them back at the end of the semester, putting down hundreds of dollars up front for a stack of books isn’t easy for anyone, especially a new freshman. According to an article in The Chronicle of Higher Education recently, colleges had been hesitant about offering the service until now because of high start-up costs and lack of profits, and the fact that rental programs often require professors to keep the same edition of a book for at least four to six semesters. Storage can also be an issue, especially in a survey course that enrolls hundreds of students. Others say e-books will be the way of the future, with more textbook providers going digital and college campuses and bookstores following suit. Many students are already renting digital textbooks to peruse on their iPads and Kindles, according to The Chronicle article. Does your college offer a unique alternative to the traditional campus bookstore textbook purchases?


Comments

What are They Reading?

Bestselling Books on Campus

February 22, 2011

Bestselling Books on Campus

by Suada Kolovic

Curious as to what college students are reading this spring? Well, wonder no more! The Chronicle has compiled a list of the best-selling books from information supplied by stores serving the following campuses: American U., Beloit College, Case Western Reserve U., College of William & Mary, Drew U., Florida State U., George Washington U., Georgetown U., Georgia State U., Harvard U., James Madison U., Johns Hopkins U., Kent State U., Pennsylvania State U. at University Park, San Francisco State U., Stanford U., State U. of New York at Buffalo, Tulane U., U. of California at Berkeley, U. of Chicago, U. of Florida, U. of Illinois at Urbana-Champaign, U. of Miami, U. of Nebraska at Lincoln, U. of New Hampshire, U. of North Dakota, U. of North Texas, U. of Northern Colorado, U. of Oklahoma at Norman, Vanderbilt U., Washington State U., Washington U. in St. Louis, Wayne State U., Williams College, Winthrop College, Xavier U. (Ohio). For more information on any of these schools, check out our college search.

  • The Girl Who Played With Fire

    by Stieg Larsson
  • The Girl With the Dragon Tattoo

    by Stieg Larsson
  • Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

    by Steven D. Levitt and Stephen J. Dubner
  • Eat, Pray, Love: One Woman's Search for Everything across Italy, India and Indonesia

    by Elizabeth Gilbert
  • Sh*t My Dad Says

    by Justin Halpern
  • Mockingjay

    by Suzanne Collins
  • Are You There, Vodka? It's Me, Chelsea

    by Chelsea Handler
  • Three Cups of Tea: One Man's Mission to Promote Peace . . . One School at a Time

    by Greg Mortenson, David Oliver Relin
  • The Daily Show with Jon Stewart Presents Earth (the Book): A Visitor's Guide to the Human Race

    by Jon Stewart
  • A**holes Finish First

    by Tucker Max

Comments

Scholarships.com Virtual Intern Kara Coleman

by Kara Coleman

Hi! My name is Kara and I’m really excited about being one of the newest Scholarships.com virtual interns!

I have spent the past couple of years studying at Gadsden State Community College. I live at home with my parents and commute to school and work every day. I attend Gadsden State because it is affordable, close to my home and workplace and I don’t have to pay room and board expenses. I plan to transfer to Jacksonville State University for many of the same reasons: JSU offers everything involved in a “normal” college experience, like clubs and football games, but I can choose what to participate in while still meeting the demands of my work schedule and being able to watch my little brothers’ soccer games.

Ever since I could hold a pencil, I have loved to write. My dream has always been to write a New York Times bestseller but until that happens, I would like to have a job that involves writing. When I enrolled at Gadsden State, I declared myself as an English major. I took every literature class that Gadsden State had to offer and I even spent the past year tutoring English. At JSU, I intend to major in communications, with concentration in print journalism. I think that writing for a newspaper will give me a consistent day job while I write books on the side.

When I received the email stating that Scholarships.com was looking for virtual interns, I immediately began composing my writing sample. This opportunity will allow me to do what I love, add some bylines to my portfolio, and (hopefully!) give me some more exposure as a writer. I look forward to sharing my transfer experience and helpful hints with anyone who visits the site over the coming months. “Talk” to all of you soon!


Comments

Scholarships.com Virtual Intern Kara Coleman

by Kara Coleman

It’s important to s-t-r-e-t-c-h your money as far as it will go when putting yourself through college and one way to do this is by exploring your options for buying and selling textbooks.

Your campus bookstore is the most obvious option but it's also the most expensive. One good thing about campus bookstores is that some will allow books and other school-related items like notebooks and calculators to be covered by grants and scholarships. Some bookstores sell both new and used textbooks and allow students to sell their books back to the store for cash at the end of each semester...but you only get back a fraction of the amount you actually paid.

Since your fellow students are in the same boat you’re in, ask around for a specific book that you need. One guy sold his $200 Spanish book to me for $100 and a girl I know let me have her $70 math book for $30. It’s also a good idea to swap books with friends if they are taking a class that you took last semester and vice versa. That way, everyone saves money.

The Internet is your friend so check around online to see what sites have the best prices on what you need. I have friends who routinely order their textbooks from Amazon.com, Half.com and Betterworld.com. (These are great places to sell your used textbooks as well.)

If you don’t want to buy, consider renting your textbooks for a semester from Chegg.com. I did this last year and I think it’s a great idea. At the end of the semester, Chegg emailed return address labels to me and there was no charge to ship my books back to them.

Kara Coleman lives in Gadsden, Alabama, where she attends Gadsden State Community College. She received the school’s Outstanding English Student Award two years in a row and is a member of Phi Theta Kappa. She plans to transfer to Jacksonville State University in August 2011 to study communications with concentration in print journalism. Kara’s writing has been featured in Teen Ink magazine and she is a children’s book author through Big Dif Books. In her spare time, Kara enjoys reading, painting, participating in community theater and pretty much any other form of art.


Comments

Books on the House!

National Academies Press Puts All 4,000 Books Online for Free

June 3, 2011

National Academies Press Puts All 4,000 Books Online for Free

by Suada Kolovic

If you’re a college student on a budget, everything’s coming up roses for you today. Not only is it National Doughnut Day, where you can snag a complimentary tasty treat at Dunkin’ Donuts or Krispy Kreme (I did!) but the National Academies Press announced it will offer its entire PDF catalog of books for free. You read that right! The press, which is the publishing arm of the National Academies of Sciences and Engineering, the Institute of Medicine, and the National Research Council, will offer files that can be downloaded by anyone absolutely free of charge.

Barbara Kline Pope, executive director for the press, said it had previously offered 65 percent of its titles – ones that were narrow in scope – for free. “The 35 percent that we are adding today will reach a wider audience, and we are doing it because it’s central to our mission to get this information to everyone,” she said. What can students, educators or anyone for that matter look forward to? A wide array of titles including “Prudent Practices in the Laboratory: Handling and Management of Chemical Hazards,” which costs $99.95 in hardcover. (Woah!)

“Eight years ago, if we did this, we would have lost substantial amounts of money,” Pope said. “But our costs have come down a lot, and our institution says they will stand behind us even if we do lose money.” Let’s hope this trend catches on and others jump on the freebie bandwagon!


Comments

Textbook Buying Tips

August 13, 2009

Both for students starting college for the first time in the fall and for undergraduate students returning for another year, textbooks are too often an unwelcome and unexpectedly large expense. With your scholarship awards and hard-earned money already going towards tuition and room and board, it's difficult and unpleasant to have to shell out well over $100 for a book you're unlikely to even enjoy reading. There are ways to ease the pain of college textbook purchases, though.

Start Early and Get It in Writing: With classes starting up in August or September at most schools, your professors and the bookstore staff probably already know what books will be needed for fall, even if the textbook section of the campus bookstore isn't open for business yet. If you have your fall schedule figured out, now is a good time to start tracking down textbooks. First off, get a book list for each course as early as possible. This could take some doing, as not all professors in all departments have the courtesy to make book lists and syllabi available on a course website. Typically, professors have to get lists to the bookstore, though, and the bookstore is generally supposed to make this information available to students. If you can't find this information anywhere, don't be afraid to ask your professor through a polite e-mail.

Comparison Shop and Buy Used: With book list in hand, make note of prices at the campus bookstore, any off-campus textbook stores in the community, and popular websites that sell new and used books. Try to find the best deal, and be sure to factor in shipping costs and how long it will take the books to arrive. While the used book stacks are always the first to go at the bookstore, this isn't the only place used books are available. Check local used bookstores, as well as online retailers. I've found books for literature classes at library sales, yard sales, and thrift stores too, so be on the lookout if you happen across any of these. There's nothing like picking up a $15 text for 15 cents.

Find It for Free: Got friends or older siblings who may have taken similar classes? See if they hung onto their books and could lend you one or two. You may want to try posting flyers in your dorm and common areas on campus, or utilizing free online classifieds for your campus and community. The end of the semester is often the best time for this, but it could still pay off now. Don't forget the campus and public libraries, either, especially if you have the option of checking out a book for an entire semester, or if you will only need a book for part of the term. Most colleges participate in pretty generous inter-library loan programs, and some let students keep books or renew books for fairly substantial lengths of time. If you can't borrow, you may also want to look into renting. While not free, textbook rental services are less expensive than purchasing new books, and you don't have to worry about trying to sell the books back at the end of the semester.

Apply for Textbook Scholarships: Many scholarship opportunities allow winners to apply costs towards any school-related expenses, including textbooks. Additionally, several scholarship providers offer students money specifically for buying books. Some are local scholarships and others are major-specific, but they are out there! Do a free college scholarship search today to find some textbook funds.


Comments

by Agnes Jasinski

As the number of returning adult students continues to grow and the "traditional" student population has only become more diverse to include those with backgrounds and life experience in varying fields of study, some schools are looking at rewarding those new students with credit hours for "prior learning," rather than prompting them to start over as most freshmen do.

A recent article in The Chronicle of Higher Education explores schools that consider academic achievements alongside individual accomplishments before students step onto campus, and look at their volunteerism, years in the military, or on-the-job training, among other life experiences. Formal assessments of those experiences are then used to evaluate incoming students as a way to award them credit hours, often as a replacement of general education coursework.

At Valdosta State University, professors conduct assessments of students' experiences by having them demonstrate what they already know about a certain field. The Chronicle describes a biology professor who awards credit to students who may have a background in science from volunteering to clean up local streams, for example, or lab experience. The school has been conducting such assessments for about a year and a half; the program started when the school decided to begin training students who had come from non-traditional backgrounds to become teachers.

At Empire State College, which is part of the State University of New York, students are able to write their own degree plans. Faculty committees and administrative offices review portfolios students craft based on their work experience in a particular field, for example, and determine how many credits students should receive based on that information. The school's administrators say having the students reflect on what they've learned before going to college helps them realize their potential and make obvious the kinds of skills they may have, as they are forced to put those talents on paper. At Inver Hills Community College, students are asked to complete two courses at the school before attempting a portfolio, which not only involves writing about their past experiences, but being able to discuss them.

Other schools conduct more standardized tests and formal assessments for students to demonstrate prior learning skills, such as the American Council on Education's evaluations of work and military training or the College Level Examination Program tests. According to the Chronicle and Stamats, a higher-education marketing company, the availability of credit for life experience is the top thing adults look for when selecting a school in their college search. About half of all schools have some kind of prior learning assessment available to students, according to the Council for Adult & Experiential Learning, so if you're a returning adult student, consider that the work you've already done could save you some time—and money—as you take on that college experience.


Comments

Graduation Gift Ideas

June 10, 2011

Scholarships.com Virtual Intern Katie Askew

by Katie Askew

Are you still looking for that special graduation gift for a future college student? Here are some foolproof gifts I wish I was given as a graduating senior and they will set you apart from the standard gift of money or towels. (Really, who needs 20 quick-drying towels?!) Your future freshman friend will thank you for it!

Amazon.com and Target gift cards. Sure, buying your books at the student bookstore is easy and convenient but if you know your class schedule and required books before the first day of class, you will save enormous amounts of money buying from Amazon. They even offer free shipping and handling for students! As for Target, it really is a one-stop shop for college students. Can you say economy-sized shampoo and conditioner?

Light-blocking sleep mask. Okay, so maybe the guys won’t enjoy this one as much but once any student has an 8 a.m. exam, he or she will be thanking you – the great gift-giver – for the eye mask that allows them to sleep in a brightly-lit, small room shared with a roommate that likes to stay up until the wee hours of the night with all the lights on. Throw in some earplugs as a cute (and inexpensive) companion gift!

Bicycle lights. Is your friend bringing a bike to school? Bike laws are a concept a lot of students forget about, especially when they aren’t used to riding a bike every day. Let me tell you, bike police are real and they WILL issue you an expensive ticket if you are riding a bike at night with no lights. In addition, a bicycle U-lock is also a great gift and necessary no matter how safe you think your college campus is!

Good luck gift-givers!

Katie Askew is a freshman at the University of Minnesota pursuing degrees in journalism and English. At school, Katie can be found reading, drumming or working in the Office of Admissions. Outside of school, she enjoys traveling, performing or teaching music and spending time outdoors with friends and family. Katie loves all things zebra and has a necessary addiction to coffee. Her iPod is perpetually playing Death Cab for Cutie or classical music because she truly believes that when words fail, music speaks.


Comments

Need a private student loan? Compare your student loan options all in one place. SimpleTuition

Recent Posts

Tags

ACT (18)
Advanced Placement (23)
Applications (69)
Athletics (17)
Back To School (72)
Books (59)
Campus Life (372)
Career (109)
Choosing A College (34)
College (804)
College Admissions (205)
College And Society (253)
College And The Economy (304)
College Applications (134)
College Benefits (246)
College Budgets (203)
College Classes (415)
College Costs (427)
College Culture (531)
College Goals (356)
College Grants (53)
College In Congress (74)
College Life (474)
College Majors (203)
College News (453)
College Prep (158)
College Savings Accounts (16)
College Scholarships (116)
College Search (104)
College Students (307)
College Tips (89)
Community College (51)
Community Service (36)
Community Service Scholarships (25)
Course Enrollment (17)
Economy (83)
Education (24)
Education Study (28)
Employment (34)
Essay Scholarship (38)
FAFSA (43)
Federal Aid (73)
Finances (56)
Financial Aid (309)
Financial Aid Information (20)
Financial Tips (34)
Food (39)
Food/Cooking (25)
GPA (68)
Grades (76)
Graduate School (52)
Graduate Student Scholarships (19)
Graduate Students (62)
Graduation Rates (38)
Grants (60)
Health (34)
High School (114)
High School News (46)
High School Student Scholarships (105)
High School Students (207)
Higher Education (98)
Internships (449)
Job Search (155)
Just For Fun (84)
Loan Repayment (33)
Loans (39)
Money Management (120)
Online College (18)
Pell Grant (25)
President Obama (16)
Private Colleges (34)
Private Loans (19)
Roommates (85)
SAT (22)
Scholarship Applications (124)
Scholarship Information (99)
Scholarship Of The Week (188)
Scholarship Search (148)
Scholarship Tips (52)
Scholarships (320)
Sports (57)
Sports Scholarships (20)
Stafford Loans (24)
Standardized Testing (44)
State Colleges (42)
State News (31)
Student Debt (70)
Student Life (423)
Student Loans (127)
Study Abroad (64)
Study Skills (181)
Teachers (70)
Technology (98)
Tips (396)
Tuition (85)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (41)
Work And College (68)
Work-Study (19)
Writing Scholarship (16)

Categories

529 Plan (1)
Back To School (299)
College And The Economy (405)
College Applications (224)
College Budgets (304)
College Classes (481)
College Costs (646)
College Culture (824)
College Grants (127)
College In Congress (114)
College Life (751)
College Majors (278)
College News (748)
College Savings Accounts (52)
College Search (359)
FAFSA (98)
Federal Aid (95)
Fellowships (22)
Financial Aid (561)
Food/Cooking (70)
GPA (224)
Graduate School (104)
Grants (64)
High School (409)
High School News (151)
Housing (145)
Internships (484)
Just For Fun (177)
Press Releases (1)
Roommates (121)
Scholarship Applications (141)
Scholarship Of The Week (261)
Scholarships (497)
Sports (66)
Standardized Testing (57)
Student Loans (211)
Study Abroad (56)
Tips (617)
Uncategorized (7)
Virtual Intern (454)

Archives

< Apr May 2013 Jun >
SunMonTueWedThuFriSat
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678

Follow Us:

facebook twitter rss feed
1 2 3 4 5 6 > >>
Page 1 of 6