Tough Times for Private Colleges Too

While budget cuts for the UNC system have received a lot of attention in the last week or so, private institutions are hardly immune from the worsening economy.  

Though applications and enrollment seem to be up at private colleges in the Greensboro area, endowments have taken a hit, requiring cutbacks at Guilford College, among others, where salaries have been frozen and both staff and faculty positions cut.  Concerns about enrollments and endowments are also on the minds of administrators of private colleges near Raleigh, such as Louisburg College, Peace College, and Meredith.

Private colleges are especially vulnerable during a downturn because fees are higher compared to state-supported schools.  For instance, students living on-campus at Guilford College pay around $17,000 or $18,000 for their tuition + room-and-board, but in-state students at UNCG pay only about $10,000.

Whether you’re leaning public or private, if you’re evaluating colleges and universities, we might have some books for you.  The multi-volume College Blue Book set is a good place to start.  It has volumes dedicated to topics such as narrative descriptions of colleges and universities, degree programs, and scholarships. 

The College Blue Book is located in our Careers Reference section at Central Library downtown, along with plenty of other print resources which may be useful to prospective students.   

Included among these other print resources:  Peterson’s 440 Great Colleges for Top Students; The Insider’s Guide to the Colleges; Barron’s Profiles of American Colleges; Peterson’s Four-Year Colleges; and The Fiske Guide to Colleges.  Also, be sure and take a look at the Library’s Search for Schools page.  

And, if you’re on the look-out for financial aid, try some of these:  The Chronicle Financial Aid Guide; The College Board Guide to Getting Financial Aid; and Peterson’s College Money Handbook

Some useful websites for students seeking financial aid are the College Foundation of North Carolina and the U.S. Government’s Free Application for Federal Student Aid.  You can also link to these sites on the Library’s Financial Aid page, as well as much, much more.

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One Response

  1. […] Money Confusion Posted on April 19, 2009 by pdurham000 Late last month, we posted on the tough times private colleges were having during the downturn.  News 14 reported Friday that Greensboro College laid off eight staff and […]

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