Salem High School Alumni Association, Ohio

Sustaining Friendships and Memories Since 1882

 

 

 

 

 

 

 

                                                                    330-332-1427 - info@salemohioalumni.org

Articles

What does it cost to educate our children?

gradSHSAA seeks donations to increase the size and number of scholarships it gives each year.

The alumni association’s board is proud that it has been able to give approximately $350,000 in scholarships annually in recent years. However, even while trying to help as many students as possible, the association's current funding allows for only about one-third of each graduating class to receive a Salem High School Alumni Association Scholarship. Though the majority of these are substantial scholarships of several thousand dollars each, SHSAA scholarships cover only a portion of college costs.

The escalating costs of college attendance adds urgency to our mission to help provide more scholarships to new Salem High School graduates and alumni. The U.S. Department of Education reports:

    • Undergraduate tuition, room, and board at public institutions rose 39% between 2002–03 and 2012–13, after adjustment for inflation.
    • At private not-for-profit institutions the cost of tuition, room and board rose 27%.
    • At private, for-profit institutions tuition, room, and board was 7% higher.
    • Student loan debt nationally exceeds $1 trillion.

The College Board reports that "about 60% of students who earned bachelor’s degrees in 2012-13 from the public and private nonprofit institutions at which they began their studies graduated with debt. They borrowed an average of $27,300."

 

2014-15 Annual Costs:

Full-Time EnrollmentTuition & FeesResidence Hall Fees
Ohio Public 4-Year Colleges & Universities(a) $7,364 to $14,013 $8,244 to $11,058
U.S. Private, Nonprofit Universities(b) $29,056 $10,462
Ohio Public 2-Year Community Colleges(a) $3,077 to $4,718 info not available
Ohio Public Technical School(a) $4,296 to $7,149 info not available
     

Sources:
(a) Ohio Board of Regents
(b) US. Department of Education, National Center for Education Statistics