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URL:  https://boards.fool.com/affording-college-30198380.aspx

Subject:  Affording college. Date:  8/10/2012  10:38 PM
Author:  Windowseat Number:  305714 of 312572

Newsweek and The Daily Beast have listed their college rankings for the year. There are several different listings (Most Beautiful, Best Party and so on) but two of them are Least Affordable and Most Affordable.

Affordability covered several different areas. Total cost, average student debt, financial aid, and future earnings. The Most Affordable list has some surprises. There are some good state schools, there are several good tech schools, and there's a handful of the most elite, most expensive schools in the country. They made the list based on future earnings and huge financial grants.

Least Affordable:

http://www.thedailybeast.com/newsweek/galleries/2012/08/05/c...

Most Affordable:

http://www.thedailybeast.com/newsweek/galleries/2012/08/05/c...

And all the rankings:

http://www.thedailybeast.com/newsweek/features/2012/college-...

Harvard started the huge financial grant program. They had become so expensive that apparently only international bankers could afford to go there, so they started a new rule. They would accept the students they wanted, without paying any attention to how much money the student or the parents had. Then, every student whose parents earned less than $60,000 a year (or, in some cases, whose parents had abandoned them) got the full ride: tuition, room and board. From there going up there's a sliding scale.

It makes for some interesting reading. And I hope that some people will pass it on to college bound kids who will add another consideration as to which colleges to apply to.

Nancy
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