Making Sure College Is Worth The Cost : NPR Ed When it comes to choosing public, private or community college, money is only part of the equation.
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Making Sure College Is Worth The Cost

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Making Sure College Is Worth The Cost

Making Sure College Is Worth The Cost

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ROBERT SIEGEL, HOST:

All this week, we've introduced you to a group of students who all graduated from high school in the same Maryland county four or five years ago. They all faced the same questions - where to go to college and how to pay for it. Students like Carlos Mejia, who chose community college rather than apply to a private college where there might be a big price tag.

(SOUNDBITE OF ARCHIVED BROADCAST)

CARLOS MEJIA: I didn't want to do that. I don't think education should be $50,000 a year.

SIEGEL: We also heard from students who went to the University of Maryland and who did go to colleges that charge $50,000 a year and more. And we're going to take a few moments today to see how these stories fit into a national perspective. We're talking with Anya Kamenetz, who is part of the NPR Ed team.

Hi.

ANYA KAMENETZ, BYLINE: Hi Robert.

SIEGEL: We've heard from nine students who are either about to graduate this year or in mid-year, or some of whom who are getting associate degrees or one who's gotten them from community college.

A typical, atypical group? What'd you think?

KAMENETZ: You know, it's interesting. I think the least typical thing about them is actually that they graduated high school at 18, went straight off to college and are, for the most part, either close to graduation or continuing their educations now. That's very much our national image, but that is no longer the typical student. At four-year colleges nationwide, only 39 percent who start full-time make it to actually be seniors four years later. And at two-year public colleges - this is closer to our sample - only about 20 percent graduated within three years.

SIEGEL: There's a lot of research showing that there are real benefits to a college degree. Is there a lot of research telling you whether it matters a lot if you pick a public or a private college or a two-year college?

KAMENETZ: So I think what the students that you've spoken with are demonstrating is that there are great students and great choices no matter where you go. And the research does bear that out. You know, if you look at your income, for example, there's a much wider spread by major than there is between public and private colleges. So it's nursing versus theater, not Columbia versus the University of Maryland.

Or take Gallup. Last year they surveyed almost 30,000 college graduates, and they found the percentages of students who were, quote-unquote, "thriving" in different aspects of their lives - socially, emotionally, economically - did not vary at all based on whether you went to public or private, or even one of the top 100 in the U.S. News & World Report rankings. It just didn't matter.

SIEGEL: The community college kids whom I spoke with, well, one is going on to acting school. One is at a four-year university now. The other intends to get a bachelor's degree in nursing.

Is that kind of success typical of community college students?

KAMENETZ: Well, community college students, you know, these students have the fewest resources. It's - those colleges tend to serve the poorest students, and so graduation rates are not great. You know, innovators in the higher ed space are really looking at ways to help more students graduate and smooth those pathways onto lots of different options because they see the community college as really being the future of where higher education is going.

SIEGEL: Can the big, expensive private colleges justify what they charge?

KAMENETZ: Those huge price tags are not always what they seem. You know, Columbia University, for example, has the highest price tag in the country for a general university. But Becca, one of your students who went there, like many students - 9 out of 10 students, in fact, at private colleges - get a discount. And those discounts are averaging over 50 percent.

SIEGEL: We heard a lot from these students about the debts they've incurred to go to college.

KAMENETZ: You know, debt is not always what meets the eye. If you look who's really in trouble with student loans, what the data shows is the students who default are the ones that have smallest loan balances, the ones that borrowed but didn't finish their degree, whereas the students with higher debt balances actually may be better off because they were going to graduate school or something like that. At the same time, you know, college is supposed to be about expanding your options, but debt really does narrow those options. It can affect, you know, your ability to save, live on your own, get married, buy a house or a car and even mental health.

SIEGEL: That's Anya Kamenetz of the NPR Ed team.

Anya thanks for talking with us.

KAMENETZ: Thanks Robert.

SIEGEL: And we'll be hearing more from the nine students we introduced you to as this academic year progresses.

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