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Thursday, March 17, 2011

The Guide to Higher Education

Plus: Salaries rise with educational level

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Is a Diploma Worth It?

Salaries rise with educational level

Students and their families make a lot of sacrifices for a higher education. There's the cost of tuition, books and supplies, and the potential for costly student loans that take years to pay back. There's the time and effort, too—endless studying and unpaid internships, often while working a full- or part-time job.

The good news, though, is that these short-term sacrifices turn into long-term gains, especially when it comes to salaries.

A 2010 study conducted by the College Board found that a typical worker with a bachelor's degree will earn 66% more during their entire career than a worker with a high-school diploma. Workers with additional degrees will earn even more.

According to U.S. Census Bureau data, a high-school graduate will earn $1.2 million over the course of his or her lifetime; those with a bachelor's degree, $2.1 million; those with a master's degree, $2.5 million; Ph.D. earners, $3.4 million; and those with a professional degree, $4.4 million in lifetime earnings.

The College Board found that earning a college degree has other benefits. College grads have lower rates of unemployment, have more job satisfaction, lead healthier lifestyles, typically receive health insurance and pensions from their employers, and are more likely to be engaged with their kids in educational activities. In addition, governments generate more tax revenue from college graduates and spend less on programs for them.

Still, many people ask: Given the increase in the cost of attending college and the heavy burden of student loans, will a diploma pay off?

Yes, according to the College Board, which found that "by about age 33—after 11 years of work—higher earnings compensate not only for four years out of the labor force, but also for average tuition and fee payments at a public four-year university funded fully by student loans." 

So even though attending college is expensive, it will definitely pay off in the end.

—Stacie Gordon

Colleges listed in order of student population size:

Milwaukee Area Technical College

www.matc.edu

414-297-6282

Milwaukee, Wis., with campuses in Mequon, Oak Creek and West Allis

 

Institution Type: technical college, two-year associate degrees, technical diplomas, certificates

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools

Number of Students: 50,000

Student-Faculty Ratio: 18:1

Cost Per Year: $3,840-$4,992

Cost Per Credit: $120-$156

Online Classes: hundreds available

Specialties: business, health, liberal arts and sciences, pre-college, technical and applied sciences, media and creative arts, advanced technical certificates

University of Wisconsin-Milwaukee

www.uwm.edu

414-229-1122

Milwaukee, Wis.

 

Institution Type: public doctoral research university

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools

Number of Students: 30,455

Student-Faculty Ratio: 21:1

Cost Per Year: $8,151 (tuition and fees for Wisconsin residents)

Cost Per Credit: $287 (Wisconsin residents)

Online Classes: some available

Specialties: architecture and urban planning, fine arts, freshwater sciences, nursing and health sciences, engineering, business, and liberal arts; specialist and doctoral degrees

Marquette University

www.marquette.edu

414-288-7250

Milwaukee, Wis.

 

Institution Type: Catholic and Jesuit private college, doctoral research university

Accreditation: North Central Association of Colleges and Schools 

Number of Students: 11,806

Student-Faculty Ratio: 14.5:1

Cost Per Year: $31,040 (undergraduate) 

Online Classes: some available

Specialties: arts and sciences, business administration, communication, education, engineering, health sciences, nursing, law and dental

Concordia University Wisconsin

www.cuw.edu

262-243-5700

Mequon, Wis.

 

Institution type: four-year private

Accreditation: North Central Association of Colleges and Schools

Student-Faculty Ratio: 11:1

Number of Students: 7,500

Cost Per Year: $30,460 (room and board); $22,150 (without room and board)

Online Classes: available

Specialties: 61 undergraduate majors, seven adult education majors, physical therapy, nursing, pharmacy

Cardinal Stritch

www.stritch.edu

414-410-4000

Milwaukee, Wis.

 

Institution Type: four-year, private, Catholic Franciscan university

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools

Number of Students: 6,894

Student-Faculty Ratio: 16:1

Cost Per Year: $22,240 (traditional undergraduate programs)

Online Classes: many available

Specialties: business, education, initial teaching certification, leadership, nursing, sport management, fine arts; associate, bachelor's, master's, doctoral and certification/licensure programs

Herzing University

www.herzing.edu

1-800-596-0724

Milwaukee, Wis., with campuses in Brookfield, Kenosha and Madison [also online]

 

Institution Type: private university, offering three-year bachelor degrees

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools 

Number of Students: 4,122

Student-Faculty Ratio: 18:1

Cost Per Year: $9,300 (two semesters; includes books and fees)

Cost Per Credit: $385-$805 (includes books and fees)

Online Classes: many available

Specialties: technology, business, health care (including nursing), design, public safety; master's, bachelor's, associate degrees and diplomas

Lakeland College

www.lakeland.edu

1-800-569-2166

Sheboygan, Wis., with adult education centers in Sheboygan, Milwaukee, Madison, Green Bay, Fox Cities, Wisconsin Rapids and Chippewa Falls

 

Institution Type: private

Accreditation: North Central Association of Colleges and Schools

Number of Students: 4,000

Student-Faculty Ratio: 15:1

Cost Per Credit: $355 (undergraduate), $420 (graduate), $440 (graduate-MBA)

Online Classes: many available

Specialties: accounting, education, resort management, criminal justice, business management, computer science, health care management; graduate-MBA, master of arts in counseling, master of education

Carroll University

www.carrollu.edu

262-547-1211

Waukesha, Wis.

 

Institution Type: four-year private

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools 

Number of Students: 3,403

Student-Faculty Ratio: 17:1

Cost Per Year: $23,582 (undergraduate)

Cost Per Credit: $298 (undergraduate), $345 (nursing or undergraduate online)

Online Classes: some available

Specialties: health sciences, nursing, education, music education, physical therapy, nonprofit management, e-commerce

Alverno College

www.alverno.edu

414-382-6100

Milwaukee, Wis.

 

Institution Type: private women's college

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools 

Number of Students: 2,759

Student-Faculty Ratio: 13:1

Cost Per Year: $19,560 (undergraduate) $21,600 (nursing)

Cost Per Credit: $815 (undergraduate)

Online Classes: none available

Specialties: business, nursing, special education, community psychology, arts and science, technology, liberal arts; bachelor, master and associate degrees

Marian University

www.marianuniversity.edu

920-923-7600

Fond du Lac, Wis., West Allis, Wis.

 

Institution Type: private

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools 

Number of Students: 2,800 (undergraduate and graduate)

Student-Faculty Ratio: 12:1

Cost Per Year: $22,090 (undergraduate)

Cost Per Credit: $330 (undergraduate), $330-$500 (graduate)

Online Classes: some available

Specialties: nursing, health care administration, sport and recreation management, radiologic technology, forensic science, homeland security; Ph.D. in educational leadership, master in education technology

Milwaukee School of Engineering

www.msoe.edu

414-277-6763

Milwaukee, Wis.

 

Institution Type: private

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools

Number of Students: 2,600

Student-Faculty Ratio: 14:1

Cost Per Year: $29,520 (full-time undergraduate)

Cost Per Credit: $513 (undergraduate), $621 (graduate)

Online Classes: none available

Specialties: engineering, information technology, business management, nursing

Carthage College

www.carthage.edu

262-551-6000

Kenosha, Wis.

 

Institution Type: four-year private liberal arts and sciences

Accreditation: North Central Association of Colleges and Schools

Number of Students: 2,500 (full-time undergraduate)

Student-Faculty Ratio: 14:1

Cost Per Year: $29,750

Online Classes: none available

Specialties: business, education, natural sciences, fine arts; paralegal certificates and M.Ed. degrees

Bryant & Stratton College

www.bryantstratton.edu

414-276-5200

Locations in Milwaukee, Wauwatosa and at Bayshore Town Center

 

Institution Type: private

Accreditation: Middle States Commission on Higher Education

Number of Students: 2,300

Student-Faculty Ratio: 15:1

Cost Per Year: $6,228-$7,785 (full-time student per term)

Cost Per Credit: $519

Online Classes: some available

Specialties: health care, nursing, criminal justice, business, financial services, technology, paralegal

Mount Mary College

www.mtmary.edu

414-258-4810

1-800-321-6265

Milwaukee, Wis.

 

Institution Type: Catholic, liberal arts women's college (with graduate programs open to men)

Accreditation: Higher Learning Commission of the North Central Association of Colleges and Schools

Number of Students: 1,963 (graduate and undergraduate)

Student-Faculty Ratio: 14:1

Cost Per Year: $21,668 (undergraduate)

Cost Per Credit: $648 (undergraduate)

Online Classes: some available

Specialties: undergraduate art and design, art therapy, business, dietetics, education, English, fashion, interior design, occupational therapy, art therapy, counseling

Wisconsin Lutheran College

www.wlc.edu

414-443-8800

Milwaukee, Wis.

 

Institution Type: four-year private college

Accreditation: Higher Learning Commission of North Central Association of Colleges and Schools

Number of Students: 840

Student-Faculty Ratio: 10:1

Cost Per Year: $21,960 (tuition and fees)

Cost Per Credit: $640

Online Classes: some available

Specialties: urban education, Christian leadership, nursing

Medical College of Wisconsin

www.mcw.edu

414-456-8296

Milwaukee, Wis.

 

Institution Type: private

Accreditation: Liaison Committee on Medical Education (LCME)

Number of Students: 820 (medical); 450 (undergraduate)

Student-Faculty Ratio: 1:1.35

Cost Per Year: $54,711 (tuition and fees)     

Online Classes: some graduate school certificate programs available

Specialties: medical; M.D. and M.D./Ph.D. degrees; also hosts Graduate School of Biomedical Sciences

Milwaukee Institute of Art & Design

www.miad.edu

1-888-749-6423

Milwaukee, Wis.

 

Institution Type: four-year private, nonprofit

Accreditation: North Central Association of Colleges and Schools and the National Association of Schools of Art & Design

Number of Students: 690

Student-Faculty Ratio: 16:1

Cost Per Year: $25,900

Cost Per Credit: $865

Online Classes: none available

Specialties: communication design, industrial design, illustration, interior architecture and design, photography, video and animation, drawing, sculpture, painting, printmaking, integrated studio arts

DeVry University – Wisconsin