As you compare college programs – and costs – you might wonder what a school’s tuition rate says about the quality of its master’s in accounting program. Do you have to spend a fortune just to get a good education? Is it possible to earn a degree from a respected master’s of accounting program without breaking the bank and taking on mountains of debt?
Does Tuition Rate Matter?
The cost of a college says a lot about affordability – or lack thereof – but what exactly does a school’s tuition rate say about the quality of its master’s in accounting program? While some excellent colleges that have well-ranked graduate accounting programs also have a high tuition rate, a higher cost doesn’t always translate to a better quality curriculum or more career opportunities. These factors vary from school to school. There’s not always a link between how much you spend and how much you get from your education.
In fact, with the growing problem of student loan debt, many college rankings lists are rewarding schools that have lower tuition rates. Experts in education and economics are recognizing how detrimental it is for students to take on so much debt just to earn their degree that they will have a hard time buying a home, starting a business or achieving other milestones in their lives. What a school’s tuition rate says about the quality of its master’s in accounting program isn’t always what you might expect. You may think that going to an expensive university will help your future career, but sometimes a more affordable college can offer you just as much prestige without sabotaging your financial future.
Keeping College Affordable
When it comes to higher education, you don’t always get what you pay for. If you’re wondering what a school’s tuition rate really says about the quality of its master’s in accounting program, you should know that a number of college rankings publications compile lists of the best values in education. You should check out resources such as:
- U.S. News & World Report’s Best Value Schools
- The Princeton Review’s Colleges That Pay You Back
- Forbes’ Top 50 Best Value Schools
- The U.S. Department of Education’s list of 23 four-year schools with low costs that lead to high incomes
Some of these colleges may still seem to have high tuition rates. However, they often also have generous financial aid policies. Even some expensive universities have policies, like meeting all student need without loans, that can make them surprisingly affordable. While it’s important to look at the tuition cost, you should also find out what the actual cost of an education at your desired school would be.
Don’t let yourself fall into the trap of paying much more than you need to for a good education. What a school’s tuition rate says about the quality of its master’s in accounting program is only one factor, so remember to consider both cost and value in your college selection.