While community colleges have long been known as an affordable starting point for aspiring students, a new report finds that New Jersey’s community colleges provide the biggest potential cost savings in the nation.
According to a recent study of federal tuition data by StudentLoanHero.com, New Jersey students who complete their first two years at a community college before transferring to a public four-year school save an average of $20,990 on tuition, the largest such savings in the U.S. Nationally, the average savings is $11,377.
“New Jersey,” the report reads, “has the biggest dollar-cost difference between two- and four-year public schools, at $169 and $519 per credit, respectively.”
On average, tuition at public two-year colleges is 60 percent lower than tuition at public four-year colleges and universities, according to the study. In New Jersey, community college students see an average savings of more than 70 percent.
Those savings are multiplied when compared to the cost of a private, four-year college education. According to the study, students save an average of $54,659 by completing their first two years at a community college before transferring to a private college or university.
“We are proud of our record of preparing students to transfer to top universities, and especially proud to do it at affordable levels,” said Matthew Reed, vice president for learning at Brookdale Community College in Lincroft. “A four-year degree doesn’t come with an asterisk if you spent the first two years here. It comes with much smaller loan payments, though.”
Click here to read the full Student Loan Hero report.
Learn more about Brookdale Community College here.