Around four out of every ten working American adults are college-degree holders. These degrees come with a price tag of around $23,000 per year for a moderately-priced in-state college, and around $45,000 for a private college, according to College Board statistics published on College Data.
With degrees having such a hefty price tag, if you earn the median household income, you’d be spending 45 percent of your income on in-state tuition and an astonishing 88 percent of your income on a private college. Even if you work in one of the highest paying jobs, paying for a college degree out-of-pocket will cost a substantial portion of your income. An oral surgeon who earns the median pay for his occupation would have to put out 30 percent of his annual income to pay for tuition, room, board, and books at a private college.
When preparing for college, students often choose a school based on its reputation. It is a common thought that schools with big names, like the big ten schools or an ivy league school, will definitely lead a degree holder’s resume straight to the top of a pile. But is there any truth to this? Some recruiters and other experts say no. According to a publication by the College Solution, employers seek out candidates from a variety of schools – large, small, known, and unknown. The publication adds that what you do during your time in school matters. Your achievements, credentials, and activities will set you apart from competition in the job market.
Considering school choice will not make or break your career opportunities and the cost of tuition is so incredibly high, why not go to an affordable college? Here is a list of some of the most inexpensive colleges and Universities in the U.S., based on publications by Online U and The Best Colleges.