25 Most Expensive Colleges For 2008-2009
Here are the 25 most expensive colleges for 2008-2009, based on total cost (tuition + room and board), as compiled by CampusGrotto.com. Whooie, this is some pricey book-learnin'.
Highest Total Cost 2008-2009
College | Total Cost
1. Sarah Lawrence College | $53,166
2. George Washington University | $50,312
3. New York University | $50,182
4. Georgetown University | $49,689
5. Connecticut College | $49,385
6. Bates College | $49,350
7. Johns Hopkins University | $49,278
8. Skidmore College | $49,266
9. Scripps College | $49,236
10. Middlebury College | $49,210
11. Carnegie Mellon University | $49,200
12. Boston College | $49,020
13. Wesleyan University | $49,000
14. Colgate University | $48,900
15. Claremont McKenna College | $48,755
16. Vassar College | $48,675
17. Haverford College | $48,625
18. University of Chicago | $48,588
19. Union College (NY) | $48,552
20. Colby College | $48,520
21. Mount Holyoke College | $48,500
22. Tufts University | $48,470
23. Bard College at Simon's Rock | $48,460
24. Franklin & Marshall College | $48,450
25. Bard College | $48,438
No thanks, I prefer my in-state tuition and debt-free-at-25 method of matriculation. But if you do have to go into debt, there's an educated way to go about. This post talks about how you to maximize the lower-interest, i.e. federal, ones first before you go into those private student loans. Incidentally, if you do get a federal student loan and you end up having a problem or question about it, the FSA ombudsman is a good place to start to get it resolved.
However, if you, like many, get a private student loan, be sure to shop around first. Don't just go with the list of "preferred lenders" provided by your bursar's office. Sometimes, as State Attorneys General have discovered, banks and lenders will essentially pay colleges to get on those lists, and placement isn't for those with the best terms for students, but those with the best goodies for the administrators printing out those lists.
Most Expensive Colleges for 2008-2009 [CampusGrotto] (Photo: Getty)
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How much aid do most of those give, on average, though? Lots of private schools really take down their total tuition based on aid provided.
I went tuition free in-state due to our lottery's scholarships, and mostly tuition free in graduate school. I still owe a lot, though, from various living expenses that went above and beyond what my jobs would pay for the 10 years that I was in college. People should never take for granted parents that can help you at all with your college expenses, because that makes a huge difference.
@fizzyg: The University of Chicago Odyssey Project covers nearly all of the costs for families making less than $60,000/year - the out-of-pocket expenses for a student's family come out to $1980.
For families making $60,000 - 75,000 a year, it's $1980 plus an annual loan of $3000.
When will these lists start taking into consideration that GWU has fixed tuition?! Yes, we are #1 or #2 (depending on the year) most expensive school for incoming freshmen, but they pay THE SAME AMOUNT FOR 4 YEARS! I'm in my 5th year now after taking a leave of absence, and I'm still paying under $50K because I was in the first class when fixed tuition got introduced.
No thanks, I prefer my in-state tuition and debt-free at 25 method of matriculation.
Yea me too. But for me, college was just a formality. For some people, the more famous colleges help their careers. Plus I had to pay for my own college, so I wouldn't have had the choice anyway to go to one of those colleges anyway
Well, it all depends on what program you are going into. Programs like engineering cost double sometimes than normal programs such as life science. I am paying about $5200 for 2 semesters. Room will cost probably another 5k for 2 semesters. you can basically get your degree for for the price of 1 year at those universities!
@BytheSea: JHU offers both graduate and undergrad degrees. It has campuses all over Baltimore-DC corridor.
@Bladefist: It's not what college you got, but who goes to that school with you. GTown, GWU, and NYU are full of celebrity off-springs and people with strong leadership potential.
Yep, the schools with big endowments (rich private colleges) are often VERY generous with financial aid. I made my daughter apply to Bowdoin last year, even though she wasn't very interested in it, because I'd read that it gave the most generous aid packages! She's now at Syracuse, her first choice, and we are thankful for the grants and loans that make this possible. I'm actually surprised Syracuse isn't in that list; it ain't cheap.
agreed, all you learn in college is networking...everything else you could just as easily learn from a book. I went to one of these expensive and well know colleges...my job out of college is making me as much as a lot of people make at age 35 (im 22) and i got the job solely based on the fact I had a name of my school on my resume. you pay for what you get.
@BytheSea: This is undergrad... med school would be a billion times more. (Exaggeration)
I don't think there are any Ivies on the list.... unless my reading skills are failing me. It's early.
These are all great schools, but it's funny how if you tell someone you went to Princeton/Duke/Yale they have a certain image of your financial situation, but if you say Frankling & Marshall or Carnegie Mellon they might think something else entirely. Without much basis in reality.
I teach at NYU. A couple years ago I figured that for NYU tuition, a typical undergrad could go out and spend $100-150 an hour, hire experts in their course matter for the same amount of class time, and spend about the same as NYU published tuition. Instead of sitting with 30 others in Freshmen Spanish, you could have one-on-one private instruction. What is sad is that so many universities - private and public - are using undergrad tuition to subsidize the rest of the university. At the same time, college students are much more demanding and expect nicer buildings, nicer dorm rooms, a wider course schedule (which costs money), customized degrees (which costs money) and lots of amenities that college students didn't expect 20 years ago. I know plenty of undergrad liberal arts students that are going to graduate with $70K - $100K in student loan debt. An NYU degree may be more prestigious than SUNY-Albany but prestige doesn't usually pay the bills. And when you're 26 years old, living in your parent's basement, and writing $1000 checks to the student loan agency, you may wish you'd taken a cheaper route.
@oneandone: Quick correction - not implying that Duke is an ivy, just that it's often seen as a fancy school on par w the princetons and yales. Off for coffee now...
The irony is that the ease of availability of student loans is probably what drove a significant portion of the insane tuition increases these days.
On the same topic, I also think that cost effectiveness of such loans is being swept under the rug by academia. Is it really a smart thing to be encouraging students to go into $100k-$200k of debt to get a journalism degree?
It's crazy how much the price has increased in the last few years. I graduated from Rice University in '06 and when I while I was there, the tuition plus room and board was in the $26,000 to $30,000 range and indexed to inflation. That having been said, for those going to a high-end private school, it's like buying a car, very few people pay the sticker price. Oh well, now that I'm working on a Ph.D in chemistry I get paid to go to school.
@televisionarie: Yeah but on the other hand you can actually drive through east Baltimore now without being shot at more than once.
Even more amazing, there are parts of east Baltimore that you can walk through now.
For those that care, I've compiled the Ivy League:
Brown (71st $46,950)
Columbia (56th $47,450)
Cornell (31st $48,144)
Dartmouth (51st $47,694)
Harvard (not in the top 100)
Princeton (84th $45,695)
Yale (82nd $46,000)
My poor parents put me though the 52nd most expensive school in the country. And I didn't even like it!
The GA HOPE tuition thing has transformed Athens GA. Gone are the little independent cafes and restaurants, replaced by condos and parking spaces for all the kids new cars.
Parents don't have to pay tuition if they maintain a "B" average. Perks follow.
I dunno, I miss my old Athens, but then again, time marches on.
True, but for certain professions, like Psychology, the school you attend for your undergrad work pretty much dictates your options for grad school/Ph.D. programs. If you want to get into a very good school for graduate work, you pretty much need to attend a very good (and expensive) undergrad program that offers all these opportunities.
I'm going to have to agree with pretty much everyone here. I went to Illinois State University, graduated with a degree in Computer Science, debt free. I turned 24 yesterday and I own my own house and my own (new) car. I get through life with no (financial) assistance from my parents.
Meanwhile, some of my coworkers went to some of these crazy expensive schools and are still living with (and financially dependent on) their parents because they have $100,000 in student loans to pay off. Of course we all ended up at the same job for the same company, so you have to wonder what advantage they had from going to a fancy school?
@ManiacDan: Can't forget the Ivy of the Midwest, Notre Dame: $49,030 for 2008/2009.
They have 160,000+ of my dollars (and the fed.gov's, and my bank's). Go Irish!
@zigziggityzoo: In-state tuition (which includes mandatory fees, etc) plus room & board at UMass was up to about $23,000 / year by the time I was a senior. I graduated more than five years ago so I'm guessing it's even worse now.
Too bad state systems really aren't the answer, either.
@AtwoodBullfinch: This completely depends on what you're studying. While getting a job is based on who you know (and your skills), I don't think it's possible to learn to be a good graphic designer, or, say, a writer, from a book.
@plamoni: Cost does not equal quality. My ex went to a pretty lame school that cost quite a bit (in the low $30k range a few years back) and in that case, I'd totally agree with you. That was a total waste of money to avoid going to a state school.
However, if you go to a school like MIT, CalTech, etc... then you'll see quite a difference in your earning potential and job opportunities both right out of college and a few years down the road. You did a good job in not racking up a ridiculous amount of debt for a stock 4-year CS degree, but that doesn't mean that everyone who spent some money getting theirs made a mistake.
They might not be debt free at 24, but by 30 or 35 they might be, plus they might be seriously out-earning you just because the school on their resume gets that sort of recognition. That's not a hard and fast rule by any means, but it's something to consider when making decisions about undergrad and graduate studies. It may not be "fair" but it's a legitimate way to stack the deck in your favor if you can (assuming you can get in and finish at one of those top tier schools) and it's usually not hard to figure out what the best (not necessarily most expensive) schools in any give field are.



















I prefer debt free, too. Unfortunately, state schools don't offer what most these schools do: the SLAC experience and name recognition. Worth the extra cash.