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1 HIRAM COLLEGE TUITION GUARANTEE
TUITIONeGUIDE
2 HIRAM COLLEGE TUITION GUARANTEE
How a private liberal arts education can be affordable – starting with the Hiram Tuition Guarantee
Is a private liberal arts education worth it?
At Hiram College, the answer is a resounding
“YES.”This guide will answer your questions: •HowmuchwillIsavewithHiram’sTuitionGuarantee? •HowmuchcanIexpecttoreceiveinaidandscholarships fromHiramCollege? •HowdoesHiram’scostandvaluecomparetosimilarliberal artscollegesinthearea? •Howwillchoosingaprivateliberalartscollegebenefit mycareerandlifetimeearnings? •Isacollegeeducationreallyworthit? •What’smyreturnoninvestment?
Ifyou’reinterestedintalkingtooneofouradmissioncounselorsafterreviewingthisguide,pleaseemailusatadmission@hiram.edu or call 800.362.5280.
3 HIRAM COLLEGE TUITION GUARANTEE
Start with our Tuition Guarantee.
It’snosecretthatcollegecostsarerising.Whenyou’remakingyourdecision,you’llwanttocomparethecostforyourfreshmanyearwithwhatitwillbeyoursenioryear.
Our Tuition Guarantee locks in the rate you pay when you enter as a freshman. Your tuition will not increase between your first and fourth year at Hiram. Guaranteed.
1YEAR
2YEAR
3YEAR
4YEAR
PRIVATE/OTHER COLLEGES
HIRAM COLLEGE
4.3%
6%
0%
PRIVATEAverage cost: $30,090
PUBLICAverage cost: $8,890
HIRAM COLLEGECost: $30,230
Youwillpay$7,990over four yearsmorethan the initial tuition
Youwillpay$3,328over four yearsmorethan the initial tuition
Youwillpay$0overfouryearsmorethan the initial tuition
* Average college cost and average yearly increases based on four-year averages from 2010-2013, according to College Board data.
4 HIRAM COLLEGE TUITION GUARANTEE
If $30,230 a year seems like a lot, don’t worry.BeyondtheHiramCollegeTuitionGuarantee,scholarshipscanhelpmaketuitionaffordable.HiramCollegeoffersacademicmeritscholarshipsrangingfrom$1,000tofulltuition,renewableforuptofouryears.
60%
99%
Thefederalgovernmentawards
$150 billionayeartohelpmillionsofstudentspayforcollegeintheformof: • Grants • Low-interestloans • Work-studyfunds
OF HIRAM STUDENTS RECEIVE MERIT SCHOLARSHIPS
OF HIRAM STUDENTS RECEIVE SOME FORM OF
FINANCIAL AID
100%TUITION
53%TUITION
26%TUITION
75%TUITION
40%TUITION
Trustee ScholarshipHolistic application review
Deans Scholarship3.6 cumulative GPA and 26 ACT/1200 SAT
HiramScholarship3.0 cumulative GPA and 20 ACT/950 SAT
Presidential ScholarshipHolistic application review
HeritageScholarship3.3 cumulative GPA & 23 ACT/1050 SAT
$41,720Hiram College sticker price (including room and board)
$18,453average net
cost after aid
5 HIRAM COLLEGE TUITION GUARANTEE
Brian,ahighschoolsenior,isawardedascholarshipcoveringhalfoftuition($15,115)tobothHiramCollegeandasimilarlypricedprivateschool.
Don’t let your scholarship lose its value.
$14,000 $15,000 $16,000 $17,000 $18,000 $19,000
YEAR 1
YEAR 2
YEAR 3
YEAR 4
HIRAM COLLEGE TUITION COSTWITHSCHOLARSHIP
PRIVATE SCHOOL B TUITION COST WITHSCHOLARSHIP
AtHiram,ascholarshipcovering 50 percent of tuitionduringBrian’sfreshmanyearwillstillcover50percentoftuitionbyhissenioryear.
Atothercollegeswithyearly tuition increases,thepercentagecoveredbythatsamescholarshipwilldecreaseyearafteryear.
6 HIRAM COLLEGE TUITION GUARANTEE
“Nomatterwherestudentsstarttheireducationaljourney,Hirampositionsthemnotonlyforamoresuccessfulcareerthanwouldhaveotherwisebeenthecase,butforahappier,moreproductiveandservice-orientedlife.” - Hiram College President Lori Varlotta
445255
social mobility
community service
service staff
Hiramstudentsperformbetterthanexpectedwhencomparingtestscorestograduationrates.
Servicelearningiswellintegratedintotheliberalartscurriculum,andHiramstudentsandfacultycommittimeandenergytocommunityservice.
Hiramstudentsinterestedinservicelearningwillfindamplescholarships,supportstaffandprogramsdedicatedtohelpingthemsucceed.
15%HiramCollegeisinthetop15percentofU.S.colleges/universitiesforreturnoninvestment(basedonqualityofstudentswhentheyenter,
totalcostsrelatedtoattendingcollegeandstartingsalaries),accordingtoEducatetoCareer’s
2015CollegeRankings. 195100
Hiram students each year will complete paid internships in their fields of study at
local organizations, thanks to a three-year, $405,700 grant from the Great Lakes Higher
Education Guaranty Corporation
percent of Hiram students complete
internships, research or study away
WashingtonMonthlyalsorankscollegesbasedontheir contribution to publicgoodthroughthreecategories:service,socialmobilityandresearch.
Here’showHiramstackedupagainst247 liberal arts collegesnationwide.
7 HIRAM COLLEGE TUITION GUARANTEE
13Strong student-professor connections lead to thriving careers.Itallcomesdowntoconnectednessandhumanvalues,accordingtotheGallup-PurdueIndexReport,releasedinMay2014.
ThestudysurveyedgraduatesofAmericancollegesonissuesofemployment,jobengagementandwell-being,anditfoundthatstudentswho connected with a professor duringcollegeweremorelikelytobethrivingintheirchosencareers.
AtHiramCollege,theoddsareinyourfavor.
AVERAGE CLASS
SIZE
STUDENT-TO-PROFESSOR
:
“(Myprofessors)makemefeellikeI’mwanted;itmakesmefeellikeI’mapersonhereatHiram.They’vegivenmetheopportunities I never thoughtI’dhaveasacollegestudent.” - Julia Fabich, education major, Class of 2015“Professorsgiveyoutheircellphonenumbers,andifyouhavequestionslast-minute,beforethetestat
night,orbeforeabigproject,they’realwaysthere.” - Andrew Harding, accounting major, Class of 2015
8HIRAMCOLLEGETUITIONGUARANTEE HIRAMCOLLEGETUITIONGUARANTEE8
“
“
“Smallclasssizesarereallyimportanttome.Iliketheideathatmyprofessorsaremorethanjustmyfaculty.IfeelcomfortableenoughtoaskthemforhelpifIneedit.” - Ashley Vannoy, creative writing major, Class of 2015
CominginIknewthesupportsystem…howeveryone’ssofriendlyandcaresaboutyou,andyou’renotjustanumber.But the professors went beyondmyexpectations.Theyreallycareaboutme,andtheywantmetosucceed.” - Ann Riddle, political science major, Class of 2016
AtHiram,weencouragestudentstobecomeinvolvedinprofessionalorganizationsandcampusactivities.Theylearntobeleadersbecauseweletthemtakecharge. - Earl Kissell, professor of accounting
IlovelearningfromandwithstudentsineveryclassIteach.Abigpartofthislearningtogetheroccurs when we partner withcommunityorgani-zationstomakecoursecontentcomealive. - Jennifer McCreight, assistant professor of education
ItellmystudentsthatiftheygraduatefromHiramandhaven’tchangedforthebetter,theyhaven’tfailed,Ihave. - Rick Hyde, professor of theatre arts
Ilovebigideas–thekindthatcantransformhowyouseetheworld.Oneofthebestthingsaboutmyjobisthatitallowsmetoexplorebigideaswithstudents. - Debbie Kasper, associate professor of environmental studies
And our professors value you.
TheopportunitytoconductresearchattheSwissLightSourcethroughmyprofessorwastheperfectwaytoex-periencewhataresearchcareermightentail.Thereisnobetterwaytoseewhatsomethingislikeotherthantotryitout,andthenatureofHiram’ssmall,liberalartsatmo-sphereallowsformanyexperiencestodojustthat.” - Daniel Fakhoury, chemistry major, Class of 2013
9HIRAMCOLLEGETUITIONGUARANTEE
Choosing a private liberal arts education pays off. Seriously.
Morestudentsattendingprivatecollegesgraduateinfouryears.
60%PUBLIC
78%PRIVATE
*According to the National Association of Independent Colleges and Universities.
VS
GRADUATED IN FOUR YEARS
Takingtwoadditionalyearstograduatecanadduptotens of thousands of dollars in tuition andstudentloans,plushundreds of thousands of dollars in lost income,compoundedoveralifetimeofearnings.
10HIRAMCOLLEGETUITIONGUARANTEE
YEARS 1-4
YEAR 5
YEAR 6
PRIVATE COLLEGE
4 years to degree 5 years to degree 6 years to degree
Average net price:*
$12,460 x 4 years=$49,840
Average net price:*
$3,120 x 4 years=$12,480
Average net price:*
$3,120 x 4 years=$12,480
5th year average net price:*
$3,120Average lost income in 5th year:**
$48,707
5th year average net price:*
$3,120Average lost income in 5th year:**
$48,707
6th year average net price:*
$3,120Average lost income in 5th year:**
$48,707
PUBLIC COLLEGE
student earns a degreeenters workforce
student continues in school student continues in school
Net Price (Tuition): $49,840 Net Price (Tuition): $15,600 Net Price (Tuition): $18,720
student earns a degreeenters workforce
student continues in school
$0 $48,707** $97,414**
$49,840 $64,307 $116,134
Average lost income: Average lost income: Average lost income:
TOTAL COST OF BACHELORS
DEGREE
* According to College Board data for 2013-14 (average net tuition cost after scholarships/aid). Net price is the published price minus the grant aid students receive. Net prices represent what students actually pay, and in this instance, do not account for yearly tuition increases.
**According to the National Association of Colleges and Employers’ data for average starting salary for 2014 college graduates.
Average income earned years 5 and 6:**
$97,414
TOTAL COST OF BACHELOR’S DEGREE OVER 4 YEARS (NOT INCLUDING ROOM AND BOARD)
11 HIRAM COLLEGE TUITION GUARANTEE
Still have doubts about the value of higher education?
Collegestudentswhograduatewithabachelor’sdegreeinfouryearscanexpecttoearnenoughbyage36tocompensateforbeingoutofthelaborforceforfouryearsandforborrowingthefulltuitionandfeeamountwithoutanygrantaid.Thatagegenerallydropsto32forstudentswhoreceivesomegrantaid.
4%The unemployment rate for individuals
age 25 and older with at least a bachelor’s degree
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
Cumu
lative
Net E
arning
s
Bachelor’s Degree
Associate’s Degree
High School Diploma
Age
18 24 30 36 42 48 54 60 64Source: “Education Pays 2013” by College Board
Welookedatalotofprivate liberal arts institutions,andHiramstoodoutformanyreasons,includingtheTuitionGuarantee.MyfamilyandIunderstandtheinvestmentwe’remakinginourson’seducation,andtheguaranteegivesuspeaceofmindthathiscollegecostswillnotcontinuetoescalate. Karen Scher, Hiram College parent
“
”
12 HIRAM COLLEGE TUITION GUARANTEE
65%89%
$21,000During a 40-year full-time working life, the median earnings of bachelor’s degree recipients without an advanced degree are 65 percent higher than the median earnings of those with only a high school diploma.
Employed individuals age 30-45 with a bachelor’s degree who report they are moderately or very satisfied with their work (1972-2012)
In 2011, median earnings of bachelor’s degree recipients with no advanced degree working full-time were
a year higher than those with only a high school diploma.
Professional Degree (2%)
Doctoral Degree (2%)
Master’s Degree (10%)
Bachelor’s Degree (25%)
Associate’s Degree (11%)
Some College, No Degree (17%)
High School Diploma (27%)
Less than a High School Diploma (7%)
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
$102,200$91,000
$70,000$56,500
$44,800
$40,400
$35,400$25,100
Source: “Education Pays 2013” by College Board
TheTuitionGuaranteewasdefinitelyoneofthebiggestreasonsformecomingtoHiram.Thefactthatyoucancomein,andit’spredictableastowhatyou’regoingtohavetopayyearinandyearout,ensuresfinancialsecurity.TheTuitionGuaranteewasoneofthereasonsIcouldaffordtostudyabroad.Corey Stamco, Class of 2017
“ ”MedianEarningsofFull-TimeYear-RoundWorkersAges25andOlder
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