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Higher Ed

Podcast: College Uncovered

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    Okay, so you’re going to college. But will the college you pick still have its lights on before you graduate? It’s a question more and more families face as colleges experience financial and enrollment challenges that force them to close or merge. We’ll look at what colleges are doing to stay alive, whether should states disclose institutions’ financial health to consumers, and what happens to students - and their credits - when their school suddenly shuts down.
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    Universities dole out more than half of the revenue they collect from tuition in the form of discounts and financial aid in their efforts to attract students. The US average is 56 percent. If a private company discounted its products by more than half, it would probably go out of business. So why do colleges use this self-destructive business model that leaves many prospective students thinking college costs more than it does? We explore.
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    Colleges work hard to make their prices seem much lower than they actually are. The problem has become so frustrating for families that now there’s an effort to fix it. But don’t hold your breath. Colleges are fighting attempts to make financial aid forms easier to compare and more understandable. We’ll give you tips on how to negotiate for more financial aid and ask for a better offer.
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    Congratulations, you got accepted to college! The next notification you’ll get: a financial aid offer, telling you what it will cost. And those financial aid offer letters are notoriously indecipherable and misleading, making it difficult to make college cost comparisons or even know how much you’ll owe.
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    College Uncovered Season 2 is coming! First two episodes drop on Thursday, April 4th.

More Higher Ed coverage