College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider




Mass. Brain Drain?
by Amy Wong
 
Although it is a state that has long been recognized for its renowned universities, Massachusetts will have to work harder to compete with other, less expensive, and more venerable colleges.

Recent studies show that Massachusetts' net migration has decreased by nearly half. This means that the number of students coming in has decreased while the number of students going out has increased. In short, more students — both in-state and out-of-state — are opting to further their education in states other than Massachusetts.

As of 2004, Massachusetts was the sixth largest importer of students, behind only Pennsylvania; Florida; North Carolina; Washington, D.C.; and Indiana. This is desirable news, except when you realize that Massachusetts topped the list less than a decade ago, drawing in more than double its current rate.

Even the draw of top Ivy League schools such as Harvard University, the Massachusetts Institute of Techno-logy (MIT), and Tufts University — still going strong — cannot fully mitigate the disastrous effects befalling second- and third-tier schools.

In 2004, enrollment at Massachusetts-based public colleges and universities dropped by 2,299, making it the fourth lowest public sector in the nation. Even attendance at the state's private sector has dropped 27 percent in 2006, suffering the greatest drop in the country.

Some speculate that the cause of this downward trend boils down to funding. In addition to competitive curricula, public schools are also significantly cheaper than private schools. In fact, with an average annual tuition of $12,127, public schools cost an average of $16,899 less than private schools. Public education, which is growing in reputation, costs less than half the price of private education.

Todd Hoffman, a Wellesley higher-education marketing consultant, realizes the drawback of more expensive, private colleges. He recently told the Boston Business Journal, "Because we have so many smaller, private colleges in Massachusetts, those colleges are just going to wash away."

Also, Massachusetts has decreased financial aid by 22 percent while the top-five net importers of students have increased financial aid within the last five years.

Furthermore, there are demographics to consider.

Most children grow up in the Sunbelt and are reluctant to move to colder regions thousands of miles from home. In order to keep students in state, some states offer their students scholarships. This added monetary incentive, coupled with the idea of "home," keeps students from attending Massachusetts-based schools.

Stephen Tocco, chairman of the Massachusetts Board of Higher Education, told the Boston Business Journal, "Those tuitions and fees have crept too high, and they're beginning to affect [student's] decisions."




 


Article Title : Mass. Brain Drain?
Comment not found for this article.
 
Comment


Share this story:
  • BlinkList
  • blogmarks
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz
 



EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
As a medical student, I have accrued a substantial amount of student debt. It's extremely important to have a reputable company handling my loans. That's why I chose EdFed to handle my loan consolidation. I locked in a low fixed interest rate, and will be able to save over $70,000 in interest through their borrower benefits. Thank you for helping me manage the burden of my student loans.
- Aida P.  Portland, OR
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
CALCULATORS
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Articles
Calculators
FAQs
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Our income-sensitive repayment option provides for payments to be adjusted annually based on your expected total monthly gross income from employment and all other sources.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2016 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
EDFED NEWSLETTERS
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives