How to Separate Higher Education Politics from Facts

The politics of higher education confuses and distracts you from the decisions you need to make. What you need are facts. Here is a separation of higher education politics from the facts you need.

Buzz Today Source: The New York Times “College, the Great Unleveler” And because some colleges actually hinder social mobility, what increasingly matters is not just whether you go to college but where…More Americans than ever enroll in college, but the graduates who emerge a few years later indicate that instead of reducing inequality, our system of higher education reinforces it…Higher education is becoming a caste system, separate and unequal for students of different family incomes. Where students attend affects their chances of graduating and how indebted they will become in the process…invest more in Pell grants and community colleges It is a fact that community colleges represent a much lower cost of education. Typically the average annual cost is $3,000 to attend a community college. This makes enrollment at a community college a very attractive means to get an associate’s degree or the credits for the “gen ed” of a bachelor’s degree. But this choice is not without its negative implications. As the comments in BUZZ Today indicate, “where students attend affects their chances of graduating.” This statement could not be more accurate when it comes to the decision to attend a higher cost four year institution vs. going to a community college first. According to the US Department of Education, the official six-year graduation rate for four-year public universities is 57% compared to the official three-year graduation rate of 22% for public two-year colleges.

So what is the take away for you as you look at these facts? The take away is that the success you achieve from education depends far more on what you bring to your education than the specific institution you attend. Harvard University graduates well over 90% of its students. The reason Harvard has such a high graduation rate is because it is so highly selective at admissions. Conversely, community colleges have open enrollment, essentially admitting anyone and everyone. The fact is that Harvard students are more qualified from the point of admission which significantly increases the graduation rate from the institution.

Here is the bottom line of the politics vs. facts of higher education. When it comes to your individual success, the most important thing is what you put into your education. If you could get into Harvard University you would most likely graduate, not because of the institution, but because of “who you are”. Conversely, should you decide to go to a community college first, the fact is that, just as in the Harvard University case, your success will depend much more on “who you are” than the characteristics of the institution.

So when it comes to politics and policy, there is a lot of energy being expended on the institutional issues – for-profit vs. not for profit, selective admissions vs. open enrollment, high cost vs. low cost, etc. In the end, the fact is that your success in education depends most upon the decisions that you make about yourself. For help with those personal decisions see “Your Future is Calling” for how to tips, help and useful exercises.

Tuition Cost – What You Need to Know

Average Net Price – What Is It?

It is important that you fully understand tuition costs and pricing in higher education. All is not what it seems.

Few students pay the advertised tuition figure, known as the sticker price.  Net price is what you’ll actually pay for college, after subtracting scholarships and grants.

Buzz Today Source:  The Chronicle of Higher Education. A high sticker price can scare students away from a specific college even though it might be a good fit for them. Look at net price, not the sticker price.  A high sticker price can scare students away from a specific college even though it might be a good fit for them. Look at net price, not the sticker price.  Few students pay the advertised tuition figure, known as the sticker price. Net price is what you’ll actually pay for college, after subtracting scholarships and grants.

An education is an important thing to have these days.  Unfortunately higher education is less than fully transparent about what an education costs.  For those of you who may not be familiar with it, The Chronicle of Higher Education is the premiere publication of college and universities.  Professors and college administrators go to The Chronicle for the latest important news in American Colleges and Universities.

The BUZZ Today message is clear.  If you do not know that few students pay the full price, you well could end up spending more money for your education than you need to.  The good news is that there is excellent information on how many current students are getting financial help at a college or university that you are interested in. The source is COLLEGE Navigator

The challenge for you as a prospective student is to navigate the huge data base of college information in COLLEGE Navigator.  For help with the navigation see chapter Chapter 9 “How to Select the Right School” in the book “Your Future is Calling“.

Selecting A College or University Part III

Price and Quality

Quality of education is one of the most confusing things about American higher education.  There are no good quality measures routinely reported. The most common education quality parameters actually work against the modern learner, especially adult learners.
Buzz TodaySource:   Your Future is Calling   For example, it is clear from comparisons that the cost for a four-year graphic design major varies tremendously. At the low end of our example we have an annual cost of $6,914 per year at Columbia College versus $42,360 at Boston University.

To understand this dilemma, we need merely look at the premiere University in America today – Harvard University.  Beside being the original American university with the largest financial endowment, Harvard is cited as the university giving the highest quality of education.  Unfortunately, actual Harvard quality parameters  cannot even be used by returning adult learners to make a choice.

When we boil it down, the two cited quality parameters most critical to our perception or quality are price and selectivity.  Why?  Because as an adult living in Kansas City, Missouri we do not have the time or resources to travel to Boston and take several days to visit the campus, talk to faculty and sit in one of the dozens of libraries this esteemed institution has on its campus.

Given this reality, it is important to examine what price and selectivity mean to the college selection decision.  When it comes to price, we have a general set of beliefs that apply to nearly all purchase decisions.  Unless we have direct experience with the product or service our general belief is that high price must mean high quality, otherwise why would people continue to pay for it?  In general, this is not a bad assumption, especially for an institution that has been around for hundreds of years as Harvard University has been.

It is the inverse of the high price/high quality assumption that really hurts the average Joe or Jane when selecting a college.  The inverse assumption is that low price (tuition) means low quality.  Now before you come out of your shoes about low cost higher education stop and hear me out.  There are very good higher education options that are available for one half to one third the tuition cost of Harvard.  To consider them you have to know which colleges those are.

The point of this conversation about price and quality in American higher education is that these commonly cited quality indicators simply do not help the majority of adult learners returning for their education.  In the end, these learners need far better information than price to make a quality decision.   See Your Future is Calling for specifics.

Controlling Student Debt – First Make Sure Tuition Cost Is Right

College debt is a topic we have been exploring in the last several posts.  The idea that the amount of debt you have when you get your degree is very dependent on the costs you take on at the beginning of your schooling.  Tuition is by far your biggest cost.  Buzz TodaySource:   Jobs.aol.com The annual tuition (Harvard University MBA) is $51,200 and it is severely discounted for at least half the students. In fact, Harvard’s average fellowship support per MBA student was $29,843 last year, essentially a 58.3 percent discount on that annual tuition.

The question you have to be asking is, “how do you control the tuition cost in the first place?”   For every college or university you are considering you must know what the true cost of tuition is.  In BUZZ Today here, we can see what the tuition costs truly are at one of the most prestigious programs in American higher education.  The degree is an MBA from Harvard University.

What the BUZZ data tells us, is that the “list” price of the degree is $51,200 per year.  By list price we mean the price published on the university web site for a year of enrollment in the program.  Every university has a published list price for their tuition.  It is this list tuition that is quoted when referring to the degrees being offered.  If you do nothing, this list price is what you will pay when you enroll.  This is true for every degree from every university.  The point is that what you actually end up paying is entirely dependent on what you do or don’t do.

The debt control comes in with the second half of the BUZZ data.  The actual (discounted) tuition cost for the students enrolled in the Harvard MBA in 2012 is shown to have been, on average $29,843.  This results in $29,843 less debt a student would have to repay after graduation.

The bottom line is that even in the hugely prestigious Harvard University MBA the average actual tuition price paid is 58.3% less than the list tuition price.

No matter where you decide to go to school it is very important that you take full advantage of the discounted versus list tuition cost at every university you are considering.  For detailed information on the list versus discounted tuition for every American higher education institution see Chapter 9 in my book Your Future Is Calling.