Nobody wants to pay more for college than they have to. If your child is beginning the college application process, you might want to take a look at the February 2012 issue of Kiplinger's Personal Finance Magazine.
In that issue, Kiplinger tips the hat to 10 public schools that are noted for quality and affordability. Based on the school's 4-year graduation rate, the rating credits the schools for getting students through their education on time, and on budget.
Kiplinger's 10 standout schools are:
- The University of Virginia (4 year graduate rate of 85 percent)
- College of William and Mary (82 percent)
- University of North Carolina at Chapel Hill (76 percent)
- St. Mary's College of Maryland (74 percent)
- University of Michigan Ann Arbor (72 percent)
- College of New Jersey (71 percent)
- University of California, Berkely (69 percent)
- University of California, Los Angeles (68 percent)
- University of Mary Washington (68 percent)
- Miami University, Ohio (68 percent)
Of course, there are numerous factors to consider when evaluating schools, including degrees offered, financial aid offered, tuition and the overall "fit" of the school. But a school's 4-year graduation rate is another measure to consider this application season.