Lynn O'Shaughnessy

The College Solution

America’s 10 Most Expensive Colleges

By Lynn O'Shaughnessy | Oct 22, 2009 |

USC is the 34th most expensive college in the country.

When Bruce Grier, an associate director of admissions at the University of Southern California, spotted a headline on the Internet this week that promised to reveal America’s most expensive colleges, he got worried.

“Oh boy,” he thought to himself, “I hope we’re not on the top 10 list!”

Grier was relieved to learn that the football power house, which charges $50,029 for tuition plus room and board, was ranked 34th. Sarah Lawrence College earned the dishonors for the priciest college in America by charging $54,410 for the current school year. And for that price, the liberal arts college in Bronxville, NY, doesn’t even throw in the textbooks.

While talking to students at my son’s high school today, Grier acknowledged that some parents would be “horrified” if their teenagers applied to USC because of it’s published price tag. But Grier also emphasized what I’ve talked about many times on this college blog, a school’s price tag is meaningless. Sixty percent of USC’s students receive need-based financial aid and plenty of its rich kids have earned merit scholarships.

Grier didn’t know until I told him that USC has a greater percentage of low-income students — as measured by its number of federal Pell Grant recipients — than any private school except Columbia University.

If you’re curious about the identity of the nation’s most expensive colleges, here are the top 10 colleges by price:

  1. Sarah Lawrence College     $54,410
  2. New York University    $51,991
  3. The George Washington University    $51,730
  4. Bates College     $51,300
  5. Skidmore College    $51,196
  6. Johns Hopkins University    $51,190
  7. Georgetown University    $51,122
  8. Connecticut College     $51,115
  9. Harvey Mudd College    $51,037
  10. Vassar College     $50,875

You can find the list of the 100 top colleges by cost at CampusGrotto.com.

University of Southern California image by Hot Rod Homepage. CC 2.0.

 
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    1

    Eric Schurenberg

    10/25/09 | Report as spam

    RE: America's 10 Most Expensive Colleges

    Thanks, Lynn. Just what the father of a high school senior doesn't need to read! And no doubt the real all-in costs at these schools, including books, fees, pizza money, travel are even more breathtaking. There is a social and cultural reason that families are willing to pay so much, but it probably doesn't stand up to a cost benefit analysis. See this link elsewhere on the site: http://moneywatch.bnet.com/saving-money/video/ask-the-experts-paying-for-college/354819/

  •  
    2

    lowrybt

    10/30/09 | Report as spam

    RE: America's 10 Most Expensive Colleges

    At Sarah Lawrence College, nearly 55% of undergrads received gift scholarship aid for 2009-10, amounting on average to $27,500. The college strives to make its progressive, seminar-conference mode of education available to students from all walks of life.

    The great majority of our courses are seminars with 11-12 students on average. In every course, students also work one-on-one with faculty on "conference work" -- student-driven projects or research. Nowhere else do students find this degree of interaction with and accessibility to faculty in a coeducational liberal arts setting.

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    3

    ceh4702

    11/23/09 | Report as spam

    RE: America's 10 Most Expensive Colleges

    I think one of best post secondary educational institutions by cost is Brigham Young University. Mormons all over the USA are considered to be in-district. As a university it takes a rather high test score to get admitted into college. A lot of people fail to qualify. For a school with rules about no smoking and no drinking with a moral dress code, an awful lot of people want to go there.

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Lynn O'Shaughnessy

Lynn O'Shaughnessy is a financial journalist and the author of a critically acclaimed book, The College Solution: A Guide for Everyone Looking for the Right School at the Right Price. She has been a contributor to such publications as BusinessWeek, USA Today, Money Magazine, Medical Economics, The New York Times, Consumer Reports MoneyAdvisor, The Chronicle of Philanthropy, AARP: The Magazine and Kiplinger

Lynn O'Shaughnessy

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