(630) 210-5774 (text) Twitter: @MonmouthPPitts
HELLO FROM THE "SMALL COLLEGE" GUY!
(Above photo is the top of Wallace Hall, Monmouth College, Monmouth IL)
Note from the editor of this site: In the United States, there are over 1100 colleges with less than 10,000 students. Many of these colleges are totally overlooked in the college search process. This website is devoted to these wonderful small colleges that totally transform the lives of their graduates. I recently retired from 42 years in the College Admission profession. All 42 years were at small, private, colleges. I am now retired and doing a lot of research and writing. I also do a lot of volunteer work helping students and parents develop lists of small colleges to check out.
How to use the blog section: This is a different "kind" of blog. It is meant to be "scrolled through" to learn about some of the unique programs, majors, and organizations you can find at small colleges. I will be adding more and more every day (including some "guest" contributions). There are a LOT of entries (over 400), so if you are looking for something particular, just drop me a quick email.
V. Peter Pitts, M.A.
Note: This blog is completely "research-based." The accuracy of facts and statistics (especially costs) are unofficial, and only as accurate as information that I was able to find online at the time of the blog posting. Please make sure to contact the colleges directly to obtain up-to-date official and accurate information.
Check out my new “companion website” https://www.lifechangingcolleges.com/ which is under construction (every day I will be making changes and additions). This site will eventually feature over 40 small colleges that give great merit aid to families. These colleges will be the subject of my upcoming book (title TBD)---to be published on Amazon in late summer 2023. When you check out this companion website, you can sign up with your email to receive notification of the book’s and and release date.
(630) 210-5774 (text preferred)
This is a compilation of my many essays I have written since my retirement in 2019. This book could save people thousands of dollars by looking at the hundreds of great small colleges in the U.S. that often get overlooked. The appendices are especially helpful in making up a list of colleges to check ou Click below:
Monmouth College (Monmouth, IL): Drone Tour: https://www.youtube.com/watch?v=JCnSVhhgRFY and Campus Tour: https://www.youtube.com/watch?v=SlDRYxL3l7A
Saint Ambrose College (Davenport, IA) Online Campus Tour: https://www.youtube.com/watch?v=amUxdV0mT4I
Augustana College (Rock Island, IL): https://www.youtube.com/watch?v=gI88SgxKN4s
Flagler College (Saint Augustine, FL) https://www.flagler.edu/admissions--aid/visit-flagler/take-a-virtual-tour/
Woodbury University (Burbank, CA) https://www.virtually-anywhere.net/tours/woodbury/vtour/index.html
Northland College (Ashland, WI) Virtual Tour: https://www.youtube.com/channel/UCAeVqEUtXVjNiYoxkteoAAg
Illinois College (Jacksonville, IL) Virtual Tour: https://www.ic.edu/admission/virtual-tour
Bethany Lutheran College (Mankato, MN) Virtual Tour: https://www.youtube.com/watch?v=89veY2Xa_Go
Central College (Pella, IA) Online Campus Tour:
Elmhurst College (Elmhurst, IL) Online Video:
https://www.youtube.com/watch?v=5b6icFTReDcand Virtual Tour: https://www.youvisit.com/tour/elmhurst
UPDATED: Smaller colleges that have recently reduced their tuition: Central-IA, Gordon-MA, Houghton-NY, Seattle Pacific-WA, Spring Hill-AL, Rider-NJ, Concordia Moorhead-MN, Hendrix-AR, U of the Cumberlands-KY, Greensboro-NC, Sweet Briar-VA, Randolph-VA, St. Johns-MD/NM, Hiram-OH, Birmingham Southern-AL, Elizabethtown College-PA, Fairleigh-Dickinson University-NJ, Saint Mary of the Woods-IN. Note: Beloit College-WI also has reduced tuition for students from 6 Midwestern states.
MONEY MONEY MONEY: The elephant in the room
Q: Why does a dog bite its own tail?
A: Because they can
Why do “highly ranked” small colleges charge so much? Because they can.
Why do “not so highly ranked but still very good” mid-range small colleges still have a hefty price tag? Because, in American, perception=reality and high cost=high perceived value. Everyone wants bragging rights about their children.
Let me explain.
It is all about economics, really. Supply and demand. If a college is highly ranked, more students apply for admission and a smaller percentage are admitted and enrolled. There are waitlists. People WANT the college more than the college actually WANTS or NEEDS them. So…people will pay. These schools have large piggy-banks (endowments), so they will give a lot of need-based gift financial aid (without any loan money in the package) to lower income students (this is how low income but high-academic-achieving can afford to go to Ivy and other “prestige” schools without paying anything at all out of pocket). However, once the family income rises to a certain level, most of these highly ranked schools do not (and do not need to) give any gift aid at all.
As the costs of these highly ranked colleges increase, the “other” colleges have a choice to make: keep their costs low without giving a lot of scholarship/grant money to entice students….OR increase the “listed price” but offer incentives to lower the price. Most of them, purely because of competition within the college market, raise their prices but give huge amounts of scholarships and grants to entice people to come. They do not want to be “perceived” as being lesser in value than the “prestige” schools.
These are good colleges. They give a great education. However these colleges NEED and WANT the student…more than the student wants or needs the college. They admit a higher percentage of applicants, they seldom have wait-lists, and quite often they are still admitting students even after the May 1 “decision date.” They also, from time to time, will “price-match” other colleges by adjusting their aid awards.
If a college leaves their price tag low…they are perceived (incorrectly of course) as being worth less…and perhaps even perceived as being “desperate” or in severe financial distress.
What does this lead to? Lots of confusion, and lots of competition among about 600 of the 700 small private colleges in the Nation.
Let’s say you are a parent of a very bright student who could attend any college (academically) that they would like to. #1 in their class. 1600 SAT. 36 ACT. And let’s say your income is $400,000 and your EFC (Estimated Family Contribution as calculated by the FAFSA) is above 70,000. What are your choices?
A. Prestige/Ivy type school for $70,000/year (and you get no gift aid at all)
B. Mid-Range school that has a list price of $48,000 but offers a $27,000/year scholarship the day your kid is admitted (net price = $21,000)
C. Mid-Range school that has a sticker price of $21,000/year (and you get no gift aid at all).
From a “bragging rights” perspective (so you can wear that T-Shirt that says “my son attends XYZPrestigeschool) you can choose “A”
From a “bragging rights” perspective (so you can tell your friends that “my son was admitted to XYZPrestigeschool but chose to attend ABCMidRange school on a HUGE scholarship”) you can choose “B”
From a “pragmatic” perspective (so you can tell your friends that “my son was admitted to XYZPrestigeschool but chose to attend ABCMidRange school which offered us a great financial opportunity”) you can choose “C”
Mid-range colleges usually tend to pick “B” and use scholarships and grants to “entice” people to attend. The reason they usually do not “just reduce their price” is because they do not want to be perceived as either desperate or cheap.
I hope for a day when all colleges get together and adjust their prices back to what they really are. I would like to see all 600 or so mid-range colleges do what Greensboro College (NC) is doing: Check out this article:
Unfortunately, this is about as likely as finding proof of Big Foot, the Loch Ness Monster, and UFO’s on the same day….but a guy can always remain hopeful, right?