RISD Named One Of The Most Expensive Schools In The US
Friday, July 15, 2011
The Rhode Island School of Design (RISD) is the seventh most expensive private nonprofit college in the country based on net price, according to US News and World Report.
The story warns readers about paying too much attention to a university’s sticker price tuition because some schools offer more financial aid than others. Instead, the focus should be on the net price, which is a better indicator for affordability.
“A net price refers to the cost after all scholarships and grants are deducted,” the story states. “For instance, if you got into a university with a $30,000 price tag, but received a $7,000 grant from the school, along with a $2,000 state grant, the net price would drop to $21,000.”
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTOf the 15 most expensive schools, seven focus heavily on art and music and 10 cost more than $35,000 a year.
With a price tag of $35,991, RISD checks in just outside the top five.
The five most expensive schools based on net price includes the Art Center College of Design ($39,672), the New School ($39,004), the School of the Art Institute of Chicago ($38,965),The Boston Conservatory ($37,798) and California Institute of the Arts ($36,997).
The story also lists the most expensive state schools based on net price. Four Penn State schools are in the top 15 and the most costly is the University of Texas Health Science Center at San Antonio at $24,192.
