By Adam Lansdell
Your kids are all grown up and ready to take on the next big challenge: college. This is an exciting time for your child, as college represents good times, new friends and the start to his or her future career path. As such, you should be strategic about selecting a college that’s right for your student. Here are a few considerations to have when selecting your child’s collegiate destination.
You must be realistic about where you child might get accepted. Applications are costly, so be sure to evaluate your child’s academic achievements or shortcomings. While we all envision our children going to Harvard, there’s nothing wrong with seeking out a more cost-effective entry to secondary education via public universities and colleges.
The price tag on college rises each year, and unfortunately some colleges are drastically more expensive than others. Evaluate which is cost-effective for your family budget and your child’s economic future, as it’s likely they will need to apply for loans that will impact their financial well-being following graduation.
Luckily, there are a variety of world-class course offerings from colleges throughout the region that enable students to fast track themselves to the career of their dreams. Each college offers specializations, creating a network of diverse experiences and opportunities. For the agricultural and science savvy, there is Michigan State University. For the those interested in business, fine arts or even aviation, there is Western Michigan University. For those looking to explore a career in economics or criminal justice, there is the University of Michigan. With over 93 colleges within the state of Michigan, close-to-home opportunities are endless.
Distance can be a major factor in your decision because you may need your child closer for family or medical reasons. However, an even bigger factor may be tuition rates. In-state students, meaning residents who go to a college within their home state, are awarded steep discounts in comparison to out-of-state students. For example, at the University of Michigan, prices change drastically for nonresident students when considering tuition, room and board. The total tuition and living expense budget for in-state Michigan residents to go to U-M was $29,526 for the 2018-19 academic year. Out-of-state students who don’t have Michigan residence can expect a one-year cost of $62,170.
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