Published Tuesday, January 06, 2009 6:05 AM
A&M moves to top of magazine's list
Smart Money magazine recently moved Texas A&M from the second slot to No. 1 in the nation in terms of how much money graduates earn compared with how much they spent on their undergraduate education.
University of Georgia, which initially was ranked No. 1, said it inadvertently provided some incorrect information about its tuition, according to officials with the magazine, published by The Wall Street Journal.
"In the end, it looks like the Aggie grads are getting a better deal than the Bulldogs," the magazine wrote.
The rankings were calculated by taking the median salaries graduates were earning three and 15 years after graduation, then dividing those salaries by the cost of a degree in 2005 and 1993, respectively, according to the magazine.
A spokesman said the University of Georgia failed to take into account the school's switch from a quarterly system to a semester system in 1998, inflating Georgia's payback ratio, the magazine stated.
The publication now ranks the University of Georgia No. 4.
Tuition at Texas A&M costs about $5,000 a year, slightly more than $163 per semester credit hour for an undergraduate resident student, a university spokesman said.
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2 comment(s) found!
Posted by:
On:
Tuesday, January 06, 2009 10:03 AM
Comment Title: TTAMUA - Typical Texas A&M (breath) University Activity
Tuition and fees for attending TAMU - http://finance.tamu.edu/sbs/tuition/UG-Resident-FY09.pdf Tuition and fees for attending UGA - https://busfin1.busfin.uga.edu/bursar/semester_program.cfm TAMU, 12 credit hours, resident: $1698.75 tuition, $2,523.05 fees UGA, 12 credit hours, resident: $2,428 tuition, $687 fees, plus a just-added $100 special fee for spring 2009 due to current economic crisis
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Posted by:
Bryan, TX On:
Tuesday, January 06, 2009 8:45 AM
Comment Title: Misleading
Tuition may be only $5,000 but what about all those fees on the college bill needing to be paid. Why are those not calculated into the mix? How many dollars in fees do students have to pay at A&M? Technically fees are not called tuition but it is a way legislators and university administrators get around the tuition cap in TX and charge students more money to attend school. The administrators need to quit misleading the public. Shouldn't the ENTIRE cost of attendance be calculated in order to really determine value? Last time I checked (when I paid my college bill), the department of fiancial aid and scholarships was using a number around $19,000 in their financial aid formula for federal financial assistance. It seems to me, the people not familiar with higher education will think the low cost of attendance in these articles is all one has to pay to attend school, which is not true. If A&M really wants to look at value, they should compare the ENTIRE cost of attendance not just a portion of the cost.
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