As decision day looms, students rank their top 10 colleges

Massachusetts Institute of Technology (MIT) campus in Cambridge, Massachusetts

(Photo: Bloomberg/Getty Images)

and Acceptance rate is just under 4%MIT considered the ultimate dream school new survey College-coming students and their families.

However, it’s not only one of the hardest schools to get into, it’s also one of the hardest schools in the country The most expensive Institutional – Tuition, room and board, and other student expenses exceeded $79,000 this year.

Meanwhile, the majority of incoming college students and their parents now report that affordability and handling debt burden According to the Princeton Review, this is often closely tied to a college degree, which is their top concern, even more important than getting into their first-choice school 2023 College Hopes and Concerns Survey.

Most of the colleges that top students’ wish lists are “perennial favorites,” said Robert Franek, editor-in-chief of The Princeton Review. They’re also the most competitive: Stanford also has an acceptance rate of just under 4%; at Harvard, it’s around 3%.

get out of it PandemicA small group of colleges, including many in the Ivy League, saw a record increase in applications this season, according to a report from the Common Application.

Report finds application volume up 30% Since the 2019-20 school year, this is despite a decline in enrollments across the country.

“There’s a subconscious consensus that college is only worth going to if you can go to a life-changing college,” says Hafeez Lakhani, founder and president of Lakhani Coaching in New York.

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National College Decision Day is coming

Don’t make a decision based on list price alone

Still, “never cross an expensive school off your list of considerations based solely on the sticker price,” says Franek.Consider quantity provide assistancebecause private schools generally have more money to spend.

“Many of these schools offer substantial scholarships – it’s free money.”

For example, MIT offers a generous aid program for those who qualify. Last year, the average student who received financial aid paid less than $20,000 a year, according to the school.

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