The study dug up major differences in student-to-teacher ratios, which can determine how much attention a student gets, as well as how long it takes to receive a bachelor's degree. Some states might initially appear to make financial sense to a family but end up being ruled out because of low completion rates. That's the case in
"There are so many factors to consider when looking at colleges that it can be overwhelming for parents trying to guide their children through this critical life decision," said
MoneyRates ranked 50 states based on five factors relevant to affordability and effectiveness. Those are average cost, retention rate, student-to-faculty ratio, six-year graduation rate and breadth of choice. Here are the top picks using all of those factors:
1.
2.
3.
4.
5. (tie) Nebraska
(tie)
7.
8. (tie)
(tie)
10. (tie)
(tie)
(tie)
One major pattern that emerged is that many of the best states for college students are on the pricier side of average costs per year. While the national average is at
Thriftier families still looking for great student/teacher ratios might then consider
If costs are the biggest factor,
Methodology
To view each state's ranking with full methodology, as well as other factors to help families get an early start on meeting the financial challenge, please visit our full post on the states selected: www.money-rates.com/research-center/best-states-for-college-students.html
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SOURCE MoneyRates.com