Study Proves Affordability of Michigan Private Colleges
You’ve probably heard it a million times. Private education is elite because only the elites can afford it.
The myth doesn’t come from nowhere. On average, advertised tuition at private colleges often exceeds public ones. But that doesn’t into account massive amounts of aid that lowers actual costs and decades of recruitment efforts that make world-class education affordable to everyone.
Now, there’s a new study that proves the point yet again. Far more students from lower-income families attend Michigan’s top 15 independent colleges and universities than wealthy ones, according to a nationwide study that tracked income and attendance records of more than 30 million students.
At schools such as Olivet College, Siena Heights University, Spring Arbor University, more than 40 percent of the student body comes from families making $65,000 or less per year.
It’s a third or more of the student body at Adrian College, Aquinas College and Andrews University; one quarter at Alma College, Madonna University, University of Detroit-Mercy and Albion College and more than 15 percent at Calvin College, Hope College and Kalamazoo College, the study found.
And the notion that it’s just Richie Riches at private schools? False again. Students from families in the top 1 percent of income ($630,000 or more) comprise a vast minority at Michigan’s private colleges – usually 1-3 percent or less.
We know that’s a lot of numbers. But the point is a world-class private education is within reach.
Students at Michigan’s top 15 independent colleges and universities receive far more financial aid, on average, than counterparts at public institutions. At most of our schools, more than 93 percent receive aid, vastly reducing advertised tuition and making it as affordable — or more so — than big state schools.
And unlike public universities, students at Michigan independents actually graduate in four years, giving them a head start on their career — and extra salary — over their public peers.
Purposefully smaller, Michigan’s private colleges offer a vastly different experience. Classes are small. Award-winning professors actually teach class — rather than TAs — get to know students and help them chart their own path to rewarding careers.
And students immediately are part of a network of alumni who are leaders in their fields. That’s because community, not crowds, are cherished.
Be bold. Be different. Go independent.