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Choosing where to go to college is a big decision. You’re advised to apply to a number of schools — The College Board suggests five to eight, though others may say more — and making a choice can be challenging.
Receiving acceptance letters from schools is a huge achievement and an amazing moment. But as soon as those letters come in, the real work begins. To make the best decision for you, it’s important to do your homework and identify the biggest influences in your evaluation, such as cost (often a big factor) or ranking.
If you’re not sure how to compare colleges, the steps below can help you through the process:
Once you have your list of potential schools, narrowing it down becomes more complicated. Reviewing your choices online may not provide enough information, so if it is possible, try to visit a school in person to get a feel for its culture.
Take a tour
Scheduling a tour with the university admissions office allows you to see the campus, talk with current students and ask staff questions about what to expect.
You can get a great idea of what the school is like, how big the classes are, what the dorms look like and what activities are available on-campus.
Touring also can give you insight into how you would adapt to the environment. There’s a big difference between attending a school located in the city versus a college in a rural environment. Some people have determined preferences for and against either option, so seeing the school for yourself can help you decide.
Spend the night
A campus tour is wonderful, but keep in mind that a school-planned tour will be a very polished, prepared view of the college. You may not hear about any of the downsides or get insights into what an actual day on campus is like.
If possible, schedule a night on campus. Some schools will partner you with a guide to shadow — you can attend classes with them, eat in the cafeteria and spend the night in the dorm.
You’ll get a firsthand glimpse of what to expect in a class or what the nightlife is really like. You may get a completely different impression than you got on the official tour.
Talk with alumni
If you’re interested in a particular major, reaching out to alumni in the field can be helpful. For example, if you want to study computer science, ask the school’s office to connect you with alumni working in the technology industry.
Connecting with graduates can give you a unique perspective, and tell you about their experience in finding a job in their field of study after graduation.
Another tip: search for graduates from a particular school on LinkedIn and send them a message with questions about their experience. Many professionals are happy to answer questions from students about their alma mater.
Take notes (and video)
If you applied to several schools, they may all start to blur together after a while. It’s important to stay organized when you compare colleges.
Take notes after each tour or visit and clearly label them with the school’s name. Write down your key impressions about each school.
If you have a smartphone or camera, filming portions of the tour or your overnight stay may help jog your memory about key details. It can help you recall what you enjoyed or disliked about each school.
When figuring out how to choose a university or college, there are a number of factors to consider and priorities to set.
For many students, the biggest one that affects their decision is cost; especially those who want to keep their student loan debt to a minimum.
Others might care more about college ranking or graduation information. Below are some key things to keep in mind as you compare colleges.
College can be prohibitively expensive. The average cost for just tuition and fees at a public four-year and in-state college for 2019-2020 is $10,440, according to The College Board.
Keep in mind tuition is only part of the cost. Room, board, textbooks and fees can add dramatically to your bill. When looking at schools, make sure you have the total cost of attendance so you can make an accurate comparison.
When evaluating cost, also consider financial aid. Some schools give out very few scholarships while others give some form of aid to a large percentage of the student body. When you apply to schools, make sure to fill out a Free Application for Federal Student Aid (FAFSA) application, and list all schools you are considering, not just one.
With your acceptance letter, each school will also send you scholarship offers, work-study options or student loan information.
It is important to note that sometimes financial aid information will come after you get your acceptance letter, so don’t worry if it doesn’t come in the same envelope as your acceptance, as timing varies depending on the college and the date you sent in your FAFSA.
Before ruling out a school based on the price, make sure you look at the complete offer. In some cases, a pricey school can end up being a bargain. For example, if a private school offers a large scholarship it might eclipse the lower cost of a public institution.
Another aspect to consider — especially if you’re looking to limit the debt you take on — is what work options are available. Some schools may have limited on-campus opportunities, such as work-study programs offered by the school, and those may come with fierce competition. At others, there’s work available for any student who wants a part-time job.
If you’re thinking about working off-campus, evaluate how realistic that is. Is the school located in the middle of farm country without many businesses nearby? If that’s the case, getting an off-campus job would be difficult.
In some industries, where you went to school isn’t a big deal as long as you have a degree. But if you’re planning on entering a competitive field such as law, college ranking and even school prestige, could have a big impact on your career.
The Princeton Review is a terrific resource for comparing schools. They rank each school by prestige, cost, academics, demographics, and quality of life. Compare your prospective schools’ rankings — depending on your desired career, this may hold more or less weight in your decision.
When evaluating schools and cost, consider how many students graduate on time. According to the most recent data from the National Center for Education Statistics, about 42% of students overall who started at a 4-year institution in 2011 graduated from that same school within those four years — and it could take as many as of five or even six years to get a degree. That can add substantially to your costs.
The admissions office of each university should be able to provide you with how many students graduate with a degree and how long, on average, it takes to complete their education.
Campus size can impact whether or not a school works for you. Going from a small high school to a large college can be an intimidating transition.
But at the same time, smaller schools may not offer the same amount of extracurricular activities and social events. What works best is up to your individual comfort level.
The student-teacher ratio is another important factor. The size of a class can affect how you learn and how much individual attention you can expect. Check with the admissions office to find out the average class size.
Make sure you understand all of the housing options. At some schools, dorms are coed by room, so you may end up sharing bathrooms with the opposite sex. At others, there’s separate buildings for different genders, as well as quiet halls for those in intensive study programs.
And some schools have luxurious apartments or even townhomes, but they are often reserved for upper-level students.
Many universities and colleges also offer guidance for living off-campus too, which may be more affordable than on-campus housing.
Some schools may have limited major options, or have very limited programs in the subjects you want to study. Make sure you understand what majors the school is well-known for, and speak to alumnae who graduated from that major.
When choosing a school, you should be practical and consider all of the factors — but don’t ignore your gut. Sometimes, your final decision comes down to pure emotion.
When you’ve narrowed down your list and have just two or three options left, ask yourself where you see yourself being happiest.
Comparing all of the different factors can be difficult. Thankfully, there are a number of tools that can help you make an informed decision.
CollegeData offers a comprehensive database of information on schools nationwide. One of their most powerful tools is the Financial Aid Tracker.
You can enter your financial aid awards for each school that accepts you, and the tool will break down which is the best offer and why. It’s an objective comparison that can help you understand the complete value of your financial aid package.
If you’re not sure where to start, Big Future (from the College Board) offers checklists and guides to help you evaluate each school. They also have videos featuring education experts sharing advice and testimonials from students.
College Scorecard is an interactive tool provided by the U.S. Department of Education that allows users to investigate a wealth of information on colleges and universities.
The data-rich College Scorecard offers users the ability to search and learn about schools. Searches can include campus setting, type of degree and major programs and location, among other options.
Each scorecard comes with five important pieces of data: graduation rate, loan default rate, average amount borrowed by students, costs of the institution, and employment after graduation.
Choosing where to go to school is a big decision in your life and it can have serious implications for your future. Take your time, thoroughly do your research and get as much information as you can, so you can thoughtfully compare your options.
Focusing on your priorities can streamline the process and help you make the best choice. For more information about choosing a college, check out these 10 schools that offer the most bang for your buck.
Maya Dollarhide contributed to this report.
Need a student loan?Here are our top student loan lenders of 2022!
|1.19% – 11.98%1||Undergraduate|
|1.62% – 11.73%*,2||Undergraduate|
|0.94% – 11.44%3||Undergraduate|
|1.64% – 11.45%4||Undergraduate|
|1.89% – 11.92%5||Undergraduate|
|0.00% – 23.00%8||Undergraduate|
|* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
1 Important Disclosures for College Ave.
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.10% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
Information advertised valid as of 4/19/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
2 Sallie Mae Disclaimer: Click here for important information. Terms, conditions and limitations apply.
3 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.
Actual rate and available repayment terms will vary based on your income. Fixed rates range from 3.49% APR to 13.03% APR (excludes 0.25% Auto Pay discount). Variable rates range from 1.19% APR to 10.14% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada.
4 Important Disclosures for Ascent.
Ascent loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: AscentFunding.com/Ts&Cs
Rates are effective as of 05/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes income-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates.
1% Cash Back Graduation Reward subject to terms and conditions, please visit AscentFunding.com/Cashback. Cosigned Credit-Based Loan student borrowers must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs are available for the most creditworthy applicants and may require a cosigner.
5 Important Disclosures for SoFi.
UNDERGRADUATE LOANS: Fixed rates from 3.47% to 11.16% annual percentage rate (“APR”) (with autopay), variable rates from 1.89% to 11.92% APR (with autopay). GRADUATE LOANS: Fixed rates from 4.60to 11.06% APR (with autopay), variable rates from 2.59% to 11.82% APR (with autopay). PARENT LOANS: Fixed rates from 4.48% to 11.16% APR (with autopay), variable rates from 1.69% to 11.92% APR (with autopay). For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law. Lowest rates are reserved for the most creditworthy borrowers. If approved for a loan, the interest rate offered will depend on your creditworthiness, the repayment option you select, the term and amount of the loan and other factors, and will be within the ranges of rates listed above. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Information current as of 05/04/2022. Enrolling in autopay is not required to receive a loan from SoFi. Loans originated by SoFi Lending Corp. or an affiliate (dba SoFi), licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. NMLS #1121636 (www.nmlsconsumeraccess.org).
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
Undergraduate Rate Disclosure: Fixed interest rates range from 3.48% – 11.64% (3.48% – 10.78% APR).
Graduate Rate Disclosure: Fixed interest rates range from 4.89% – 11.64% (4.89% – 11.34% APR).
Business/Law Rate Disclosure: Fixed interest rates range from 4.49% – 10.39% (4.49% – 9.68% APR).
Medical/Dental Rate Disclosure: Fixed interest rates range from 4.43% – 9.19% (4.44% – 8.89% APR).
Parent Loan Rate Disclosure: Fixed interest rates range from 4.80%-8.23% (4.80%-8.24% APR).
Bar Study Rate Disclosure: Fixed interest rates range from 7.39% – 12.94% (7.40% – 12.83% APR).
Medical Residency Rate Disclosure: Fixed interest rates range from 6.99% – 10.49% (6.98% – 10.09% APR).
ERL Variable Rate Disclosure: Variable interest rates are based on the 30-day average Secured Overnight Financing Rate (“SOFR”) index, as published by the Federal Reserve Bank of New York. As of May 1, 2022, the 30-day average SOFR index is 0.29%. Variable interest rates will fluctuate over the term of the loan with changes in the SOFR index, and will vary based on applicable terms, level of degree and presence of a co-signer. The maximum variable interest rate is the greater of 21.00% or the prime rate plus 9.00%.
Fixed Rate Disclosure: Fixed rate ranges are based on applicable terms, level of degree, and presence of a co-signer.
Lowest Rate Disclosure: Lowest rates are only available for the most creditworthy applicants, require a 5-year repayment term, immediate repayment, a graduate or medical degree (where applicable), and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Rates are subject to additional terms and conditions, and are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer. Borrowers should carefully review federal benefits, especially if they work in public service, are in the military, are considering possible loan forgiveness options, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision on our website including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
Eligibility Criteria: Applicants must be a U.S. citizen, permanent resident, or eligible non-citizen with a creditworthy U.S. citizen or permanent resident co-signer. For applicants who have not attained the age of majority in their state of residence, a co-signer is required. Citizens Bank reserves the right to modify eligibility criteria at any time. Citizens Bank private student loans are subject to credit qualification, completion of a loan application/Promissory Note, verification of application information, and if applicable, self-certification form, school certification of the loan amount, and student’s enrollment at a Citizens Bank participating school.
Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7 Important Disclosures for Funding U.
Funding U Disclosures
Offered terms are subject to change. Loans are made by Funding University which is a for-profit enterprise. Funding University is not affiliated with the school you are attending or any other learning institution. None of the information contained in Funding University’s website constitutes a recommendation, solicitation or offer by Funding University or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
8 Important Disclosures for Edly.
1. Loan Example:
About this example
The initial payment schedule is set upon receiving final terms and upon confirmation by your school of the loan amount. You may repay this loan at any time by paying an effective APR of 23%. The maximum amount you will pay is $22,500 (not including Late Fees and Returned Check Fees, if any). The maximum number of regularly scheduled payments you will make is 60. You will not pay more than 23% APR. No payment is required if your gross earned income is below $30,000 annually or if you lose your job and cannot find employment.
2. Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC. All loans are subject to eligibility criteria and review of creditworthiness and history. Terms and conditions apply.