🎓 COMPARING COLLEGES: What You Really Need to Know Before Choosing 💰📚
- parentsfin
- Jun 26
- 2 min read
🎓 COMPARING COLLEGES: What You Really Need to Know Before Choosing 💰📚
When it comes to comparing colleges, it’s not just about the name or the location — it’s about understanding the real cost and real timeline to graduate.
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👉 Did you know many colleges have low 4-year graduation rates? Some students take 9, 10, or even 11 semesters to finish. That means more tuition, more living expenses, and more debt.
🔍 Financial aid award letters can be misleading. They often don’t clearly separate loans from scholarships and grants — so what looks like "aid" might actually be debt.
What to compare when choosing a college:
✅ Cost of attendance (excluding loans)
🎓 Time to graduate (4-year vs. 5-year+ rates)
💼 Post-graduation employment & average starting salary
🏠 Housing (on/off-campus options and costs)
🍽️ Meal plans & food costs (Are they required? Can you cook?)
📘 Want to go deeper?Chapter 4 of Financially Independent Teens shows you exactly how to compare colleges, calculate the true cost, and read between the lines of a financial aid offer.
💡 The book is available now on Amazon and covers everything teens need to know: budgeting, credit, investing, your first job, entrepreneurship, and more.
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Comparing college costs is not as straightforward as reading the financial aid award. Do you know the 4 year graduation rate versus the 5 year Graduation rate?
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