Business News Today
No Result
View All Result
Thursday, September 21, 2023
  • Login
  • News
  • Market
  • Finance
  • Financial Advice
  • Cryptocurrency
  • Innovative
  • Tech
Contact
Business News Today
  • News
  • Market
  • Finance
  • Financial Advice
  • Cryptocurrency
  • Innovative
  • Tech
No Result
View All Result
Business News Today
No Result
View All Result
Home Financial Advice

Best Community Colleges for 2023

by
September 13, 2023
in Financial Advice
Reading Time: 5 mins read
0
Best Community Colleges for 2023
152
SHARES
Share on FacebookShare on Twitter

Attendance at two-year public colleges began to increase again in the spring of 2023, after enrollment at community colleges declined during the COVID-19 pandemic. According to the National Student Clearinghouse Research Center, enrollment increased by 0.5%, which is the first time in years that community colleges saw even a modest increase.

To find the best community colleges in the country, SmartAsset analyzed data from 845 schools where you can spend two years getting an associate’s degree or technical training. Schools were ranked based on their student-to-faculty ratio, retention rates, and cost of tuition and fees.

key findings

  • North Carolina is home to nine of the top 25 community colleges. In fact, the state is home to five schools ranked in the top 10, including the top three colleges – Southeastern Community College, Stanley Community College and Edgecombe Community College.
  • The average cost of tuition and fees for a year at a community college is $4,590. Meanwhile, the average retention rate is 60%, meaning six out of 10 first-year students at the typical community college continue their education the following year. The typical community college also has a student-faculty ratio of 16:1.
  • California is home to 99 of the 100 most affordable community colleges in the country. In 2021-2022, in-state tuition and fees at these schools ranged from $1,104 to $1,562. The state also has seven of the 25 best overall community colleges, including Mission College, College of San Mateo, West Valley College, Mendocino College, Las Positas College, Canada College, and Ohlone College.
  • These schools have the best student-faculty ratio. At Pamlico Community College in North Carolina, there is one faculty member for every three students—the best in the entire study. Commonwealth Technical Institute in Pennsylvania has the second lowest student-to-faculty ratio (4:1), followed by Alaska Christian College, Chatfield College in Ohio, and Harcum College in Pennsylvania, where there are five students for every faculty member.
  • This college has the highest retention rate in Georgia. At Oxford College, a two-year residential college at Emory University, 95% of first-year students continue their education the following year. On the other hand, its tuition and fees topped out at just over $55,000 annually. Although Emory is a private four-year institution, Oxford was one of the schools included in this study because it only offers an associate degree and a path to a four-year degree.
  • Top 10 Best Community Colleges

    1. Southeastern Community College – Whiteville, NC

    Located in Whiteville, North Carolina, Southeastern Community College is the top-ranked community college in the country. Southeastern has the highest retention rate (93%) and a student-to-faculty ratio of 11:1. It is also in the top 25% in the state for affordability with tuition and fees totaling just $2,600 per year.

    2. Stanley Community College – Albemarle, NC

    Stanley Community College, located about 40 miles east of Charlotte, North Carolina, has an 83% retention rate – which ranks sixth out of 845 schools. While Stanley Community College has one faculty member for every 11 students, the school is $2,794 per year more affordable than 76% of the colleges in our study.

    3. Edgecombe Community College – Tarboro, NC

    Edgecombe Community College has a retention rate of 79%, which is tied for 15th best in Eastern North Carolina. A year’s tuition and fees add up to just $2,640, making Edgecombe more affordable than about 80% of community colleges. The school also has a high student-faculty ratio (10:1) which is lower than 91% out of 845 schools evaluated.

    4. State Technical College of Missouri – Lynn, MO

    The State Technical College of Missouri emphasizes technical and vocational programs that are not typically offered at community colleges. The school has an 89% retention rate and a 16:1 student-to-faculty ratio. However, in-state tuition and fees for one year at Missouri State Technical College totals $7,564 – significantly higher than the national average ($4,590).

    5. Commonwealth Institute of Technology – Johnstown, PA

    Only one other school can boast of a lower student-faculty ratio than Commonwealth Institute of Technology, where there is one faculty member for every four students. 77 percent of first-year students continue their education the following year. One year’s tuition and fees at Commonwealth Institute of Technology total $7,664.

    6. CBT Institute of Technology – Miami, FL

    The main campus of CBT Institute of Technology is ranked sixth overall due to its 93% retention rate. The school, which offers associate degrees and technical training certificates, has a student-to-faculty ratio of 12:1. Its tuition and fees ($13,152) place it in the most expensive 5% of community colleges.

    7. Mission College – Santa Clara, CA

    Despite being located in the heart of expensive Silicon Valley, Mission College is one of the most affordable community colleges in the country. Tuition and fees total only $1,204 per year, making it cheaper than 95% of the colleges you study at nationwide. The school has one faculty member for every 16 students and the retention rate is 79%.

    8. Moraine Park Technical College – Fond du Lac, WI

    Located about 70 miles northwest of Milwaukee, Moraine Park Technical College has one faculty member for every 11 students. Seventy-eight percent of first-year students continue their education. Tuition and fees add up to $4,568 per year, which puts the school near the middle in terms of affordability.

    9. Sandhills Community College – Pinehurst, NC

    Sandhills Community College, which offers more than 100 associate degrees, diplomas and certificates, sees 77% of its first-time students continue their education. Tuition and fees add up to $2,764 for a full-time in-state student, making Sandhills more affordable than 77% of schools. Students also enjoy a faculty-to-student ratio of 13:1.

    10. Durham Technical Community College – Durham, NC

    As one of five technical schools in the top 10, Durham Technical Community College also offers arts, education, public safety, and business administration programs. Located just a few miles from Duke University, Durham Technical is tied for the 10th lowest student-to-faculty ratio (7:1). Tuition and fees combined come to $2,228, making it cheaper than 83% of schools.

    Data and methodology

    Data from 845 two-year colleges offering associate degrees were ranked based on the following metrics from the Integrated Postsecondary Education Data System (IPEDS) for the 2021-2022 school year:

  • retention rate. This is the percentage of first-time students who return to the institution the next time to continue their studies.
  • Cost of tuition and fees. This is the cost of tuition and fees for in-state students completing two semesters of the course.
  • Student-to-faculty ratio. This is the number of students for each faculty member. This metric was given half the weight.
  • Tips for Paying for College

  • Do you need help finding a 529 plan in your state? A 529 plan is a common and effective way to save for a child’s future college education. These accounts, usually offered by state agencies and major investment firms, allow your contributions to grow tax-free. When you withdraw the money, it won’t be taxed, as long as it’s used to pay for qualified education expenses like tuition and fees. This tool can help you identify a plan that best suits your needs. Keep in mind that you can choose a plan from any state, whether you live there or not.
  • A financial advisor can help you plan for future education costs. Finding a financial advisor doesn’t have to be difficult. SmartAsset’s free tool matches you with three verified financial advisors serving your area, and you can have a free introductory call with one of their advisors to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Questions about our study? Contact [email protected],

    Photo Credit: ©iStock/SDI Productions

    Source

    Related Posts

    Number of people living alone on the rise in US cities – 2023 study

    Number of people living alone on the rise in US cities – 2023 study

    by
    September 20, 2023
    0

    When family and social dynamics change, it affects more than just culture. Business, government, and society as a whole respond...

    The goal of the law is to ban it from your retirement plan.

    The goal of the law is to ban it from your retirement plan.

    by
    September 20, 2023
    0

    Proposed legislation making its way through Congress could limit the types of employer-sponsored retirement plans offered. Republicans in the House...

    Planning your retirement? Don’t forget about home equity

    Planning your retirement? Don’t forget about home equity

    by
    September 19, 2023
    0

    Historically, financial advice has treated homes as a source of wealth. When you buy a home – the common sense...

    How to Calculate 401(k) Cash Out Penalty

    How to Calculate 401(k) Cash Out Penalty

    by
    September 19, 2023
    0

    A 401(k) serves as a retirement savings plan sponsored by your employer, allowing you to contribute a portion of your...

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    • Trending
    • Comments
    • Latest
    Hedge funds are bullish on their stocks but bearish on the market

    Hedge funds are bullish on their stocks but bearish on the market

    May 25, 2023
    Writers Strike Fallout: The $2B Economic Impact May Just Be Beginning

    Writers Strike Fallout: The $2B Economic Impact May Just Be Beginning

    May 6, 2023
    Education will be front and center for lawmakers this week

    Education will be front and center for lawmakers this week

    April 23, 2023
    The implosion of 2 California lenders has investors worried worse is to come: ‘There could be some kind of crack in the financial system’

    The implosion of 2 California lenders has investors worried worse is to come: ‘There could be some kind of crack in the financial system’

    March 10, 2023
    Wall Street stocks tumble: Why Bank of America and Citigroup have suffered the most after Fed Chair Powell’s testimony

    Wall Street stocks tumble: Why Bank of America and Citigroup have suffered the most after Fed Chair Powell’s testimony

    0
    Fall in global house prices set to extend, with higher rates more at risk: Reuters poll

    Fall in global house prices set to extend, with higher rates more at risk: Reuters poll

    0
    The Murdoch family bet big on live news to float Fox. Will the Dominion Court case break their bank?

    The Murdoch family bet big on live news to float Fox. Will the Dominion Court case break their bank?

    0
    BP boss Bernard Looney’s pay package has more than doubled to £10m

    BP boss Bernard Looney’s pay package has more than doubled to £10m

    0
    Trump lashed out at anti-abortion groups

    Trump lashed out at anti-abortion groups

    September 21, 2023
    Lawsuit claims Sam Bankman-Fried’s mother encouraged him to violate donation rules and give millions to a PAC she chaired

    Lawsuit claims Sam Bankman-Fried’s mother encouraged him to violate donation rules and give millions to a PAC she chaired

    September 21, 2023
    NextEra activists turned the tables by placing a big bet on the company’s stock

    NextEra activists turned the tables by placing a big bet on the company’s stock

    September 21, 2023
    ZORIX, Licensed European Crypto Exchange, Forges Partnership with CORESKY

    Exploring the world of Web3? Limpid puts users front and center

    September 21, 2023

    © Copyright 2023 Naijaonpoint Business News. All Rights Reserved

    • Home
    • Advertisement
    • Contact Us
    • Privacy & Policy
    • Other Links
    No Result
    View All Result
    • News
    • Market
    • Finance
    • Financial Advice
    • Cryptocurrency
    • Innovative
    • Tech

    © Copyright 2023 Naijaonpoint Business News. All Rights Reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In