Posts Tagged ‘college costs’
Following tonight’s State of the Union, President Obama will begin a series of speaking events across the country, traveling to Iowa, Arizona, Nevada and Colorado tomorrow and Thursday before arriving in Michigan on Thursday evening at the University of Michigan.
We need not skirt the issue that this is an election year, and of course the President must do what he must do to secure votes–especially in Michigan–but considering his speaking events concern higher education, well, then they should be considered.
So, what is the President going to chirp about?
Well, we’ll hear about it in the SOTU, but if we were to guess what Obama was going to say about education, it would probably be along the lines of affordability. He’s been hitting the issue fairly hard lately, especially since his election campaign is focusing on a middle-class message. In fact, Obama released a webcast last week that hinted at the SOTU’s content. Parts of that speech suggested that it would modeled on December’s Kansas speech that focused on “getting people the education and training they need so they’re ready to take on jobs of today and tomorrow.”
You can see in our previous posts that Obama has been revving up his focus on college costs. For instance, in December he met with college leaders to discuss tuition affordability. Why is this such an important issue? Well, on top of it being an election year, college tuition is rising faster than inflation! With budget and funding cuts, public universities are losing their funding flexibility. Many public universities are looking for out-of-state students, who pay higher tuition, to balance the books. On top of this, student-loan debt is estimated to be $1 trillion.
So, sshhyeeeah. President Obama has a lot of ground to cover in terms of higher education. And if he can resolve even a portion of the issues at hand…well, I’m sure some college-bound students would be happy to extend their vote to him.
What’s your take on the affordability issues? If you were in power, how would you solve the problem?
In light of the current financial atmosphere and increasing cost of college tuition, a lot of people are wondering if it’s even worth it to go into debt for a college education. Well, fortunately for those who do wind up paying mind-blowingly large heaps of money to pay for their higher education costs, research generally shows that they will earn millions more than peers with no college education over the course of a lifetime. So–good news–there’s definitely a return of investment for most college degrees.
According the Daily Beast‘s college rankings, degrees from certain colleges are worth even more in terms of return on investment (ROI). But, this ROI ranking doesn’t just take into account money, although it’s a big part of it. This ranking takes into account nostalgia and good memories from college, aka: happiness.
So,the Daily Beast’s list of schools with “Best Return on Investment” is based on satisfaction of alumni with college experience along with donations to school and Payscale.com’s ranking the colleges worth the investment.
Here are the top 15 schools:
11. Carleton College
13. Davidson College
15. Union College
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