Recently I was profiling Saint Michael’s College in Vermont and learned about their Ski and Ride program for students. They offer various discounted passes to the Sugarbush ski resort along with a free weekend shuttle. I thought it was a pretty appealing program and did a quick web search for other colleges for skiers. I found several sites claiming their lists had some version of the best schools for skiers. They ranged in length from 10 to 30 schools. Saint Michael’s didn’t show up on a single list. Why not?
Beware of Best Colleges Lists
Assume you are buying a car. All other factors are equal. Do you pick the one that costs $15,000 or $30,000? Seems like a no-brainer–go with the cheaper one.
There are over 1,600 four-year public and private colleges in the United States. And guess what, they don’t all cost an arm and a leg to attend. With this many colleges, there have to be quality, affordable options available for families who look for them. And there are students attending college without facing the prospect of years of debilitating debt. Yet, attending affordable colleges comes with some trade-offs that not all families are willing to make.
If you want to pay less for college, you need to pay more attention to college statistics. I’m sure many parents and students hip deep in the college admissions process think that they are drowning in college statistics but are still facing the prospect of impossible tuition bills. The problem is that they aren’t paying attention to the right statistics, or at the very least, not considering them in terms of how they affect the cost of going to college.
It’s not just that college is expensive. It is. But rather there’s the unexpected problem in actually being able to answer the basic question, “how much does college cost?” Unless you’re prepared to pay the sticker price, it’s almost impossible for students to know how much they are going to pay for college until they get their financial aid awards. And even those lucky few who aren’t relying on financial aid for college, will still find it difficult to identify college costs and compare different schools. The only thing that can be more difficult to figure out than college costs is probably healthcare prices. Yes, it’s that bad.
Over half of all college students attend schools less than 
Before parents sit back and let their kids drive the college application process, there are some numbers they need to understand when comparing colleges. Because while it’s true that it’s the student who is going to attend college, the colleges are pretty clear that they are going to turn to the parents to pay the bill. And anyone expected to write a check to cover the cost of college, needs to have some meaningful numbers to evaluate the value of what their buying. However, not all numbers are created equal. For example, the acceleration speed of a car and its sticker price are both numbers, but one probably will have priority over the other for most people making a car purchase. Understanding these five numbers will provide you with some basic references for comparing colleges to decide if you’re willing to pay the college’s asking price.