MONEY’s 2017-18 Best Colleges For Your Money
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 14 September 2017
⏱️ 37 minutes
🧾️ Download transcript
Summary
It’s September and by now, the kids are back to school. Not surprisingly, I used to love this time of year. What can I say...you guys know I’m a total geek. Whether you’re sending your little ones off for the first time or your kid is entering the final chapter of high school, the most expensive part of their education is yet to come! I know, I’m such a Debbie Downer. But the cost of college is no joke and if handled without forethought, it can wreak havoc on the financial lives of parents or saddle kids with boatloads of debt. There are thousands of colleges out there. Public, private, in-state, out-of-state, off-campus, on-campus, this major, that major...it goes on and on. It can be extremely overwhelming. So where does one turn for some help with the process? My favorite place to go is the annual Best Colleges For Your Money list from MONEY. To help us break down the 2017 rankings, MONEY reporter Kaitlin Mulhere, joins us. Her beat is her education, so she is the ideal person to discuss the topic. According to Kaitlin, MONEY uses three categories to compile the list: Cost: This category takes into account the net price of a degree, student loan debt, student loan repayment and default risk, value-added student loan repayment measures and affordability for low-income students.Education Quality: This includes the six-year graduation rate, value-added graduation rate, peer quality, instructor quality and financial troubles facing the school.Alumni Success: Includes graduates’ earnings, earnings adjusted by majors, 10-year earnings, estimated market-value of alumni’s average job skills and value-added earnings.I’m not going to reveal the whole list, but I will say that my alma mater at least cracked the top 50. That’s more than I can say for where Mark went... “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Hi, it's Jill Schlesinger, host of Better Off on today's podcast, we're talking about |
| 0:08.0 | college and how you can get the biggest bang for your college buck. |
| 0:12.3 | We're joined by Caitlin Mulhair of Money magazine. |
| 0:15.4 | You can round out what you study in college with classes |
| 0:18.8 | that will help you, whether it's a minor or not, |
| 0:20.3 | or just adding a few classes. |
| 0:21.6 | And then all you need to be able to do is |
| 0:23.4 | demonstrate those skills when you get your internship or your first job and you know you |
| 0:27.6 | don't have to major in something to be able to say that you have those skills. |
| 0:32.4 | Welcome to the Better Off Podcast. |
| 0:34.2 | We're sponsored by Betterman, the largest independent online financial advisor. |
| 0:39.4 | One of the biggest expenses that you are going to have to absorb is paying for college |
| 0:45.0 | whether it's for yourself for your kids and how do you know how to make that money |
| 0:51.5 | pay you dividends for the rest of your life. |
| 0:53.8 | We have moved well beyond the idea that you need a college education. |
| 0:57.6 | Everybody gets that. |
| 0:59.1 | But how can you weigh one college versus another? You're not going to go to the outdated US News |
| 1:05.8 | and World Report. Let me tell you what you're going to do. You're going to go to |
| 1:09.6 | money.com and check out the best colleges for your money in 2017. |
| 1:15.0 | We're joined by Caitlin Mulhair. |
| 1:18.0 | She's a reporter at Money where she writes about higher education. |
| 1:21.0 | Caitlin will walk us through what goes into the rankings and some of |
... |
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