Higher Education If You WANT iT
Who Said You Cannot Find the Right College?
Howard Freedman
Financial Aid Consulting
December 28, 2024
www. financialaidconsulting.com
“If you cannot control your emotions, you cannot control your money.” Warren Buffett
I often wonder why students and families feel stressed about finding a college that meets their needs. While this process can be overwhelming, it demands significant diligence, tenacity, and soul-searching.
However, there are many additional options to consider. Statistics from Unistat (https://www.unistat.com) present several enlightening figures that should inspire renewed hope for families.
In 2024, there were over 5,832 active colleges, including 1,904 public and 3,928 private institutions. This total comprises 2,696 four-year colleges (46%), 1,503 community colleges, and 2-4 year programs. However, colleges (26%) and 1,633 trade schools (28%) make up the majority.
Further analysis shows that 46% of students enroll in four-year colleges, while the remaining 54% attend community colleges and trade schools. This indicates that community colleges and trade schools are viable and popular alternatives when a traditional four-year degree is not sought after.
Another noteworthy point is that approximately two-thirds (3,928) (67%)of colleges are private, while 1,904 (33%) are public. Although private colleges generally charge higher tuition than public ones, they often offer more financial aid, resulting in lower net out-of-pocket expenses. Ultimately, the choice between public and private colleges should be based on net costs, majors, career paths, the quality of financial aid provided, and whether the college or degree will improve the student’s marketability.
In 2024, 18,778,867 college students were enrolled, indicating strong interest despite rising costs. This figure doesn't mean that every student is sitting in a classroom, taking extensive notes, and cramming for exams. Some might be taking online courses, attending part-time, studying abroad, participating in experiential learning programs, or any combination of these options. These newer choices and opportunities suggest that more possibilities are available.
Please remember that I am offering an overview, and many of these options will be eliminated due to admission requirements and eligibility, costs and debt, demographics, majors, distance from home, campus visits, and other factors that I discuss in my book, Making College Happen, which is available on Amazon.com.