MORE BANG FOR THE BUCK

December 24, 2015


Digital resources for this post are from Mr. Charles Murray, Design News Daily Magazine.  The text is belongs to this writer.

According to the College Board, the average cost of tuition and fees for the 2015–2016 school year was $32,405 at private colleges, $9,410 for state residents at public colleges, and $23,893 for out-of-state residents attending public universities.  College costs have been rising at twice the rate of inflation for more than two decades, but buyers still feel sticker shock when they see the bills. Today, many of the great private engineering schools exceed $50,000 a year in total costs.  I think this is shameful but graduating from a well-known and well-respected university has its benefits and can land a graduate and entry-level salary above the normal levels.

I have listed the top ten (10) most-expensive schools offering engineering degrees.  To be sure, all of these schools offer financial aid, often in substantial amounts.   Thankfully, many students will pay less than the starting figures shown on the following ten (10) slides.

Big state institutions did not make this list for a simple reason — their in-state tuitions are much lower than those of the private institutions shown here. It’s also worth noting that many private schools with costs in the high-$50,000 range came very close, but didn’t quite make the list. MIT, for example, missed by $154.00.  Stanford missed by $6.00.

As you take a look at the slides, try to remember how much you paid for your engineering education.  We start the countdown now with number ten (10) first.  These numbers blew my mind.

Drexell University #10

Smith College

Johns Hopkins

Yale University

Darthmouth University

Bucknell University

Washington University

Columbia University

USC

Harvey Mudd

Let’s hope the student loans and grants produce a well-paying job.  I wonder just how much difference a private university provided compared to a public university.  I believe in the long run, performance is what keeps you from being fired, not the school you graduated from.  Just a thought.

 

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