Saturday, October 1, 2011

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by Taekwonweirdo

Question by Nicole: What's the financial difference between single sex and coed colleges?

I am very interested in going to a single sex college, but my parents don't support that decision because of the financial difference. I know it really depends on the college, but can anyone throw some numbers at me to show me how much they really vary?
Is it really all that much after grants and such?
Will Obama's presidency make these prices even more affordable?




Best answer:

Answer by eri
Single-sex schools are all private; not all co-ed schools are private. Private colleges tend to be expensive, whether they are co-ed or single sex. Amherst and Smith are two top colleges with similar tuition, but Amherst is co-ed and Smith is a women's college. However, top women's colleges like Smith, Wellesley, and Mt. Holyoke have very large endowments; they give out a ton of scholarships. Although it can cost about 45k a year to attend Smith, I paid less than 20k for all 4 years there because I was on scholarships most of the time. But you can go to a local state school for 20k for all 4 years if you live nearby and it's a cheap one.

The president has no control over the tuition charges at private schools, but congress has lowered the interest rates on student loans, so that helps a lot.





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