Just in time for the school admissions decisions season, the National Center for Education Statistics, part of the U.S. Department of Education, has released the information it collected on the costs, financial aid, and graduation rates of 4-year colleges and universities nationwide. The report, called \”Enrollment in Postsecondary Institutions, Fall 201; Financial Statistics, Fiscal Year 2010; and Graduation Rates, Selected Cohorts, 2002-2007\” analyzes information culled during the spring of last year from the Integrated Postsecondary Education Data Systems.
The report includes info on the costs, pre- and post-financial aid for that different classes of 4-year institutions in the United States.
For those attending public 4-year institutions, average price before aid was approximately $16,900 and net price involved $10,200; for those attending nonprofit 4-year institutions, average price before aid was roughly $32,700 and net price involved $16,700; as well as for those attending for-profit 4-year institutions, average price before aid was approximately $27,900 and net price involved $23,800,
The report has found that 19 million undergraduates signed up for various accredited colleges and universities in the fall of 2010, with 56% of these enrolling in 4-year schools, while the majority of the rest signed up for 2-year schools. Only 2% of scholars chose to enroll in programs under two years in length.
Nearly 60% of those who chose to pursue a four-year bachelor’s degree, obtained that degree within 6 many years of first starting it.
Those who attended college full time had better outcomes and were more prone to attain a diploma than those who chose to enroll only part time. After the first year, 72% of full-timers remained as pursuing a degree, virus 44% of part-timers.
Overall, while year-to-year the number of people enrolling in college continues to increase, but the rate of increase has slowed and the data implies that for-profit colleges are becoming increasingly attractive for students seeking a degree.
For-profit colleges have become increasingly popular, using their enrollments growing by 8 percent, while public universities and private nonprofit colleges increased by a couple of percent.