New York Times Analyzes Most Expensive Schools In America

Department of EducationWith perfect timing, the New York Times has presented the flip side of our previous post about the value of pursuing scholarships, analyzing the Education Department's recent release of its database of the most expensive colleges and universities in America.

The rise in cost of education in America is clearly outstripping inflation, household income, or any other benchmark against which tuition increases of America's not-for-profit universities could be measured year over year. So what is to be done about the astronomical costs incoming freshmen are facing?

The answer is found in the data itself, and in the public response from Bates College in Lewiston, Maine (the school with the dubious distinction of being the most expensive four-year not-for-profit school in America). Increase the amount of financial aid available to students of lesser means.

Scholarships are at a higher premium than ever before, so make sure to do your homework this summer and apply to as many as you can find. In many ways, such applications are a numbers game - the more you can find, the less you'll pay up front.

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