Pick the right college or it could cost you

January 16, 2009

by J.D. Wyczalek (why-zall-ick)

Selecting the right college is more than just answering a few questions like,
· Does the college offer the major I am interested in
· Does the college have the amenities I am looking for
· Are there too many or too few students at this college for my liking
These are important questions, however we should also look at how the college is doing financially.

The University of California school systems is facing economic hardship and announced it will be cutting spending as well as accepting fewer students. The UC schools include Berkley, Los Angeles, Riverside, San Diego, San Francisco, Davis, Irvine, Merced, Santa Barbara and Santa Cruz.
 
Other colleges are flourishing. Duke hit an all time high of 23,750 applications. Bernard College also shows an increase in registration. Harvard said Wednesday that it had received a record number of applicants at 27,278.  Stanford received 30,349 applications, a 20 percent increase from last year's 25,298.  2008 Stanford accepted only 2,400 students, or 9.5 percent, the lowest admissions rate in history.

Even some state schools are up. Applications are up from last year’s pace at the University of Vermont and Vermont State Colleges.

Also Yale announced they would offer additional financial aid to families struggling during the economic crisis.

The key element is research your colleges and find which ones are doing well, which ones are struggling and which ones have money to give out.

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