President's Article - Why Choose CBC? It's a Great Investment.
Message from the President, Terry Kimbrow
Why Choose CBC?
It’s a Great Investment
This is the second in a series of articles about how choosing Central Baptist College may benefit you far greater than any other college choice you make. In the first article, I introduced you to the mission and purpose of CBC. In brief, it is the “Integration of Christian faith and academic excellence.” I think if that is all you knew, it’s reason enough to consider CBC! But, in addition to our mission, there are some other really great reasons to consider getting your college education at a private, Christian institution.
In the next two issues, I will focus on the topics of student persistence and student success, which will also address the concerns of first-generation and at-risk students. This week, I want to talk about your “investment” in a college education.
Who doesn’t want a good return on their investment? Most of what we purchase has little or no return on investment, and the few that do appreciate in value carry great risks. Research reveals that a private college education has an overall higher return on investment than a similar degree at a public institution. How could that be when the “sticker price” is higher at private colleges?
- A larger percentage of students at private colleges receive financial aid than those at public universities. In fact, they are twice as likely to receive grants from their colleges as students at public institutions, and the average institutional grant is three times larger at private colleges than at public universities.
- More than one-third of the graduates of private colleges have less than $10,000 in student debt—or no debt at all. The average loan debt that students at four-year private colleges owe after they graduate is $19,500—about the price of a modest automobile. We often encounter students and parents who are reluctant to apply for a student loan. I respect that, but I also want to encourage you to consider this final thought.
- Students at private colleges graduate much sooner (ten months earlier) than do their peers at public institutions and nearly five years earlier than students at for-profit institutions—which means fewer years of paying tuition and a quicker start at earning a salary. When you consider how “time-to-degree” impacts the overall cost of higher education, a bachelor’s degree at CBC can actually cost less than one at a public institution.
How do you want to “invest” your college years and tuition dollars? Instead of narrowing your list to the colleges with the cheapest tuition, consider how the choice you make and the years you invest will impact the rest of your life.
Did You Know? One of the most sought after possessions for many, a new car or truck, loses 11% of its value the moment you drive it off the lot, and after five years is worth 37% of what you paid for it.
Image Source: The Council of Independent Colleges website.