My son is deciding between these three colleges. He is still not sure what he wants to major in but has strong interests in music and the environmental sciences (biology, geology, botany). An excellent orchestra and nearby nature are very important to him. We have visited Luther and St. Olaf, and he was impressed with both colleges, with a slight preference for St. Olaf. As a parent, these two colleges seemed very similar to me. At Luther, we had a more personalized tour and were able to meet three faculty members–all were welcoming, approachable, and seemed very knowledgeable in their fields. We visited St. Olaf on a Saturday and were only able to do a group tour, so we did not meet any faculty there. We have not yet visited Sewanee. My questions revolve around the differing costs of these three colleges for us. My son received great academic and music scholarships from Luther (cost for us first year would be $24,040); smaller merit scholarship from Sewanee (cost for us would be $41,000 for each year; their prices stay the same for 4 years); and a need-based grant from St. Olaf (cost for us would be $46,730). Questions:
- Are these three colleges basically equivalent in quality–or is it worth paying considerably more for one of them? The most important thing to our family is that the professors are good and it’s hard to determine that without interviewing them. . .
- We are 90% ready to go with the best offer but are wondering if there is anything else we should consider? We noticed that the colleges that give the best merit scholarships tend to have lower endowments. Is this a sign that they are not as stable? Or do they tend to put their money towards scholarships?
- My husband thinks the college that gives our son the best merit scholarship wants him the most and that that is something to pay attention to. Any thoughts on that?
I am going to look more at outcomes for these colleges. I have noticed that the 4-year graduation rate at Luther is 74.4%; St. Olaf is 85.9%, and Sewanee is 75.8%.
These three are our son’s favorites. He received good merit scholarships at some other LACs but they did not have the nature and music he wanted. He’s pretty easy going and flexible about going to any of the three.
We do not know any other families considering small LACs so any knowledge you have about this would be greatly appreciated! I’m not sure about visiting the more expensive ones for admitted student days because I’m not sure they are worth the extra cost. We “could” pay for any of the three, but the costlier ones would definitely be a strain. We have excellent savings but are worried about the Illinois Teachers’ Retirement system going bankrupt before we retire. . .