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Public vs Private

Choosing the right college can be tough. The decision can change your life in many ways, including some you may not have considered. Studies have found that the type of college you attend can impact your graduation date, likelihood of enrolling in a graduate program, and future employment earnings. Public Vs. Private: How College Quality Can Impact Your Future Graduation Rates A Harvard study used a Massachusetts merit aid program to determine the impact of college quality on on-time graduation rates. Graduated Within 4 Years -20 -10 10 20 Distance to cutoff 40% • In-state public In-state Enrolling at an in-state public college could lower the probability of graduating on time by 40%. • Any college The study also found that scholarships may lead to students giving up the chance of going to a higher quality private or out-of-state college for an in-state public institution, which could impact how long it takes them to graduate. Graduate Programs Relative to bachelor's degree graduates from low-quality public colleges, B.A. gradu- ates from high-quality College quality is also an influencing factor when it comes to deciding to go to graduate school. Public college and university students are less likely to obtain a graduate or professional degree. Private schools are Public schools are 16% 18% more likely to enroll in some kind of graduate program within four to five years after receiving their bach- elor's degree. Similarly, students from middle-quality institutions are about 10% more likely to attend grad school over low- quality public college students. 10% The quality of your undergraduate college can also impact the type of institution you choose for your graduate program. 40% less likely to enroll in comprehensive universities 40% More than 50% more likely to Relative to students who graduated from a low-quality undergraduate college, students from high-quality undergraduate institutions are: 50% enroll in research universities Students from middle-quality colleges are: More than 10% less likely to enroll 10% in comprehensive universities About 20% more likely to 20% enroll in research universities Salary & Earnings A study in the late 1990s determined there's strong evidence that attending an elite private institution can have a significant impact on how much you make. I Top Private I Middle Private Labor Market Outcomes Relative to Bottom Publics, by College Sector and College Quality, by Cohort (Wages in percent relative to bottom publics' wages) Similarly, a more recent study showed: I Bottom Private I Top Public I Middle Public Graduate Earnings Hourly Rate of Pay (2002) Annual Earnings 1986 Annual Earnings 1992 Public: $24.45 Private: $28.37 Earnings as of 2002 26% 6% 39% 10 19% 14% 10% 25% 5% -15% Public: $47,966 Private: $57,352 Sources citytowninfo.com | web.hks.harvard.edu | uh.academia.edu | digitalcommons.ilr.cornell.edu | Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effect of College Type on Earnings Information provided by: http://www.onlinecolleges.net/ Fraction graduated within 4 years 0 .1 2 3 4 .5 .6 .7 .8 .9 1 FEI

Public vs Private

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Choosing the right college can be tough. The decision can change your life in many ways, including some you may not have considered. Studies have found that the type of college you attend can impact y...

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