Dow-46.48down-0.44%
10,404.47
Nasdaq-15.03down-0.69%
2,160.98
S&P-3.81down-0.34%
1,102.43

MSN Money Video

Video on MSN Money
This video requires an updated version of the free Adobe Flash Player.
More video on MSN Money
Ivy League (c) Owen Franken / Corbis

Extra

The best values in private colleges

Continued from page 1

A mixed outlook

How will next year's college applicants fare? Prospects are mixed. Tuition increases should remain in the 4.3% range, Warren said, making the average annual total cost of a private-college education a little more than $37,000 in 2010-11. That's a smaller bump than the 6% increase of recent years. But the amount itself is hardly peanuts, especially compared with the $14,500 average total cost at a public school. Many private colleges already charge more than $50,000 per year.

Meanwhile, colleges that recently expanded their financial aid, including replacing loans with grants, must now do so with vastly diminished endowments -- the well from which much of the aid is drawn. So far, top-tier schools have stood by their commitment. But some schools are quietly adjusting their admissions policies to weed out more-needy students, said David Oxtoby, the president of Pomona. He hopes to continue Pomona's no-loan policy, introduced in 2007, but won't guarantee it. "We can't commit to never pulling back."

Best values in private liberal-arts colleges

RankSchoolStateEnrollmentTotal cost*Cost after aid based on needCost after aid not based on needAverage debt at graduation

1

Pomona College, Claremont

Calif.

1,532

$50,568

$16,454

$50,568

$11,300

2

Swarthmore College

Pa.

1,490

$50,750

$19,035

$14,596

N/A

3

Williams College, Williamstown

Mass.

1,997

$50,680

$14,305

$50,680

$9,214

4

Davidson College

N.C.

1,668

$46,030

$25,526

$29,433

$25,025

5

Claremont McKenna College, Claremont

Calif.

1,212

$51,380

$19,229

$40,257

$10,518

6

Amherst College

Mass.

1,697

$49,678

$13,907

$49,678

$12,603

7

Washington and Lee University, Lexington

Va.

1,752

$50,352

$21,968

$25,036

$23,616

8

College of the Holy Cross, Worcester

Mass.

2,898

$50,042

$24,418

$27,442

$16,800

9

Colby College, Waterville

Maine

1,846

$51,020

$20,214

$28,620

$19,222

10

Bowdoin College, Brunswick

Maine

1,723

$51,700

$19,909

$50,700

$17,560

11

Middlebury College

Vt.

2,455

$51,380

$22,072

$51,380

$19,981

12

Haverford College

Pa.

1,169

$52,359

$21,838

$52,359

$17,125

13

Carleton College, Northfield

Minn.

2,000

$50,933

$24,542

$47,538

$20,083

14

Hamilton College, Clinton

N.Y.

1,872

$51,160

$23,813

$36,709

$18,259

15

Bates College, Lewiston

Maine

1,776

$50,500

$20,407

$50,500

$18,785

16

Wesleyan University, Middletown

Conn.

2,772

$54,097

$26,339

$7,142

$27,402

17

Wellesley College

Mass.

2,344

$50,594

$18,219

$50,594

$12,639

18

Vassar College, Poughkeepsie

N.Y.

2,389

$52,330

$21,631

$52,330

$19,910

19

Grinnell College

Iowa

1,678

$45,912

$19,991

$35,203

$19,526

20

Whitman College, Walla Walla

Wash.

1,489

$45,412

$21,949

$37,459

$16,684

21

Kenyon College, Gambier

Ohio

1,644

$50,640

$23,671

$38,861

$19,462

22

Wheaton College

Ill.

2,366

$35,090

$20,600

$30,052

$21,549

23

Colgate University, Hamilton

N.Y.

2,836

$51,890

$19,951

$51,890

$20,164

24

Harvey Mudd College, Claremont

Calif.

738

$51,937

$25,560

$41,497

$21,018

25

Macalester College, St. Paul

Minn.

1,900

$47,866

$22,490

$42,551

$17,304

* Total cost reflects tuition, mandatory fees, room and board, and estimated expenses for books. It does not include additional meals, transportation or personal expenses.

Best values in private universities

RankSchoolStateEnrollmentTotal cost*Cost after aid based on needCost after aid not based on needAverage debt at graduation

1

Calif. Institute of Technology, Pasadena

Calif.

921

$46,629

$18,159

$17,715

$9,871

2

Princeton

N.J.

4,981

$49,055

$17,704

$49,055

$5,955

3

Yale, New Haven

Conn.

5,277

$48,450

$12,747

$48,450

$12,297

4

Rice, Houston

Texas

3,051

$44,088

$19,984

$29,423

$11,108

5

Harvard, Cambridge

Mass.

6,678

$49,684

$12,834

$49,684

$10,813

6

Duke, Durham

N.C.

6,496

$51,125

$20,235

$23,406

$24,205

7

Columbia, New York

N.Y.

5,667

$54,789

$21,038

$54,789

$18,420

8

University of Pennsylvania, Philadelphia

Pa.

9,756

$51,080

$23,969

$51,080

$19,085

9

Dartmouth College, Hanover

N.H.

4,147

$51,821

$18,373

$51,371

$20,126

10

MIT, Cambridge

Mass.

4,153

$50,292

$20,234

$50,292

$14,148

11

Stanford

Calif.

6,532

$51,267

$20,661

$47,752

$15,724

12

Brown, Providence

R.I.

6,095

$50,394

$20,468

$50,394

$19,390

13

Emory, Atlanta

Ga.

6,890

$50,032

$23,074

$31,530

$23,181

14

University of Richmond

Va.

2,795

$49,540

$18,485

$30,330

$20,915

15

Northwestern, Evanston

Ill.

8,476

$51,850

$25,914

$49,607

$19,808

16

University of Notre Dame

Ind.

8,363

$49,795

$25,658

$43,689

$29,835

17

Vanderbilt, Nashville

Tenn.

6,637

$52,520

$22,104

$34,276

$19,839

18

Cornell, Ithaca

N.Y.

13,846

$50,874

$25,602

$50,874

$23,485

19

University of Chicago

Ill.

5,065

$52,232

$18,394

$40,712

$27,562

20

Johns Hopkins, Baltimore

Md.

4,744

$52,890

$25,538

$28,101

$21,984

21

Washington Univ. in St. Louis

Mo.

6,985

$52,609

$25,135

$45,223

N/A

22

Tufts, Medford

Mass.

5,044

$51,889

$24,299

$51,389

$23,687

23

Boston College, Chestnut Hill

Mass.

9,060

$52,308

$26,761

$34,412

$19,358

24

Brandeis, Waltham

Mass.

3,196

$50,739

$26,712

$28,291

$20,095

25

Wake Forest, Winston-Salem

N.C.

4,476

$49,932

$25,557

$37,148

$24,827

* Total cost reflects tuition, mandatory fees, room and board, and estimated expenses for books. It does not include additional meals, transportation or personal expenses.

This article was reported by Jane Bennett Clark for Kiplinger's Personal Finance Magazine.

Published Nov. 23, 2009

< previous |  1 | 2 |

Rate this Article

Click on one of the stars below to rate this article from 1 (lowest) to 5 (highest). LowRate it 1Rate it 2Rate it 3Rate it 4Rate it 5High
Join the discussion!
Be the first to add a comment.To add a comment, pleasesign in