TIME Gadgets

Now You Can Tour Colleges Using a Virtual Reality Headset

Virtual keggers aren't quite the same though

For those unable or unwilling to travel halfway across the country at huge expense for a college tour, there might be an answer. Virtual tour firm YouVisit now allows you to take virtual college tours using Oculus Rift, the virtual reality headset bought by Facebook for $2 billion earlier this year.

The technology tracks the user’s eye movements and allows them to see entire rooms from the ceiling to the floor, as if they are actually there.

YouVisit CTO, Taher Baderkhan, said “Our mission, from the day we started the company, is making the campus visit more attainable to students.”

Related:

MONEY’s Best Colleges

MONEY’s Best Colleges That You Can Actually Get Into

MONEY College

How Does Your School Really Match Up to Its Rival?

Left: University of North Carolina Tarheels fans.  Right: Duke University Blue Devils fans.
Left: University of North Carolina Tarheels fans. Right: Duke University Blue Devils fans. These same-state rivals end up in close proximity on our rankings list as well. (left) Margaret Bowles/Southcreek Global/ZUMApress.com—Alamy; (right) Lance King—Getty Images

You know who dominates on the playing field. Now see which schools are the victors when it comes to providing the most value for your money, based on MONEY's Best Colleges ranking.

College rivalries are usually played out on the football field or the basketball court—or, in some cases, the research lab. In the game of life, though, winners and losers are sometimes counted in dollars and cents, rather than points on a scoreboard. MONEY’s Best Colleges rankings evaluated some 665 schools on 18 separate measures of educational quality, affordability, and alumni career earnings. Here’s how 10 pairs of classic rivals did in head-to-head matchups.

 

The Match-Up: Alabama vs. Auburn
The University of Alabama holds the lead in what some have called the greatest football rivalry in college sports, with 42 Iron Bowl wins vs. 35 for Auburn University. But the Tigers crush the Crimson Tide on a variety of financial measures. The average net price of a degree at Auburn (ranked No. 183 on our list) is around $100,000, or about $13,000 less than the price of Alabama (No. 409). (Our net price calculation represents the estimated total cost of attendance from freshman year through graduation—including tuition, room, board, books, fees, and other incidentals—taking into account all scholarships and grants from the school, inflation, and the average time it takes students to graduate.) Meanwhile, the Crimson Tide lives up to its name, with graduates leaving the school substantially more in the red. Alabama students graduate owing about $25,000 (including private loans), compared with less than $10,000 for the typical Tiger. Yet Alabama’s higher debt doesn’t pay off in higher salaries, as Auburn grads report pull in about $4,000 more a year on average than the typical Alabama alum.
The Winner: AUBURN

The Match-Up: Berkeley vs. Stanford
In Big Game match-ups between these longtime Bay Area rivals, No. 5 Stanford has a clear edge (59-46-11). But when assessing which university offers students the best educational value, the winner is less clear-cut. As a state school, the University of California at Berkeley (No. 13 in the overall rankings and No. 2 among public schools) is substantially cheaper to attend, with an estimated net price of a degree ($126,800) that’s more than $40,000 below what the typical student pays to attend Stanford. Yet generous financial aid policies allow Stanford grads to emerge with less than half as much debt as Berkeley students. And while Stanford grads report earning a few thousand more a year over the course of their careers, alumni of both schools make substantially more than average—and more than would be predicted given the economic and academic profile of students who go there. Berkeley’s “value added” grade is a stellar A-minus, while Stanford gets a B-plus.
The Winner: IT’S A TIE

The Match-Up: Caltech vs. MIT
The simmering rivalry between these two top science and engineering schools is traditionally played out in pranks rather than on a sports field. The latest: At an event for prospective students earlier this year, Caltechies handed out mugs that featured the MIT logo when cold but, when filled with hot liquid, changed to read, “Caltech: The Hotter Institute of Technology.” As for which school is the better value, MIT (No. 3 in our rankings) costs the typical student about $20,000 less than Caltech (No. 10) after factoring in aid. Still, alums from both schools go on to earn an average salary of more than $68,000 annually within five years of graduation—among the highest salaries reported by students of any of the colleges in our rankings.
The Winner: MIT, by a nose

The Match-Up: Duke vs. UNC
These same-state private-public school rivals end up in close proximity on our rankings list as well, with Duke at No. 32 and the University of North Carolina-Chapel Hill landing at No. 40. As a state school, UNC is considerably cheaper to attend, with an estimated average net price of a degree of just $84,000, almost half what it costs to attend Duke (net price of a degree: $192,800). But Duke students tend to earn considerably more, with a gap that widens from early to mid-career, according to the salary figures that alums of both schools report to Payscale.com, our earnings data supplier. Meanwhile, both schools get an impressive grade of A-minus on our value-added measures, which look at how well an institution helps its graduates exceed expectations, given the academic and economic profile of the student body.
The Winner: IT’S A TIE

The Match-Up: Florida vs. Georgia
These southern schools have been fighting hard on the football field for nearly 100 years, maybe more (there’s disagreement over when the rivalry began). The Georgia Bulldogs have won more games but the Florida Gators top them on our financial measures. University of Florida, ranked No. 28 on MONEY’s Best Colleges list and seventh among public schools, charges the typical student less to get a degree (around $87,000 vs. roughly $100,000 at Georgia), according to our calculations. That enables attendees to graduate with less debt (average amount owed: $7,000 vs. $10,000). And Florida students also tend to earn somewhat higher salaries, about $3,000 more a year, early in their careers. Take note, Bulldogs: Georgia’s top 100 showing—the school came in at No. 62 overall and No. 17 on the best public colleges list—is still impressive, putting it among the best values in the country.
The Winner: FLORIDA

The Match-Up: Georgetown vs. Syracuse
To the delight of fans, the competition between these two basketball powerhouses, on hold since Syracuse left the Big East Conference for the ACC in 2013, resumes next year, with the recent announcement of annual games scheduled for four years starting in the 2015-16 season. The Orange holds the edge on the court (‘Cuse has won 49 of the 90 meetings between the two teams), but in MONEY college rankings metrics, it’s a slam-dunk for the Hoyas. Despite having one of the highest net price tags on our list at $204,480 (partly due to the high cost of living in the nation’s capital, where the school is located), the average Georgetown student borrows just over $7,100 to get an undergraduate degree—that’s a third of the amount the typical Syracuse student owes (average debt on graduation: $21,450). And Georgetown students tend to earn more after they graduate too—$53,000 on average vs. $47,700 for Syracuse alum. That helps explains why Georgetown landed at No. 37 in our rankings, while Syracuse, at No. 246, failed to crack the top third.
The Winner: GEORGETOWN

The Match-Up: Harvard vs. Yale

Harvard (ranked sixth overall in our rankings) and Yale (No. 15) cost nearly the same amount to attend on average, according to MONEY’s estimated net price of a degree: $181,200 for Harvard, $182,800 for Yale. Yet alums from Cambridge earn about $55,300 within the first five years of graduations, or about $5,000 more than the New Haven crowd. That may help explain Harvard’s special allure for prospective students. Some 84% of applicants admitted to Harvard enrolled in the university for the 2012-13 academic year (the most recent stats available from the Department of Education when we collected the data earlier this year), vs. 64% of admitted applicants who choose to attend Yale.
The Winner: HARVARD

The Match-Up: Michigan vs. Ohio State
Go Blue: At $94,500, the average net price of a degree from the University of Michigan (No. 22 overall and No. 5 among public colleges) is about $10,000 less than the roughly $105,000 cost of a BA from Ohio State University (No. 144), according to our estimates. Plus, Wolverines typically graduate with less debt and earn about $8,000 more a year over the course of their careers than Buckeyes. In this face-off, Michigan scores a touchdown.
The Winner: MICHIGAN

The Match-Up: Notre Dame vs. USC
Often called the greatest intersectional rivalry in college football, Notre Dame and the University of Southern California have combined to produce more national titles, Heisman trophy winners, All-Americans, and future NFL Hall of Famers than any other college football rivals. While the two schools are tied in the number of national titles each has won and Heisman trophy winners they’ve produced, the Fighting Irish lead their football series, with 45 wins in 85 meetings. And they beat the Trojans in many of MONEY’s key measures as well, though not by a wide margin. Notre Dame is a little less expensive (estimated net price of a degree: around $184,500 vs. $192,000 for USC), grads earn a little more ($54,000 a year early in their careers vs. about $51,000 for USC alums) and come out with a lot less debt, on average (about $5,600 for Notre Dame, compared with $15,500 for USC). That helps explain why, although both schools are highly ranked, more than 100 spots separate Notre Dame (No. 20) and USC (No. 129) on our list.
The Winner: NOTRE DAME

The Match-Up: Oklahoma vs. Texas
The University of Texas at Austin holds the lead in the annual Red River Showdown between the Sooners and the Longhorns, and has an edge off the football field as well. The flagship school at Austin is ranked No. 53 on our list (and No. 17 among public colleges), while Oklahoma-Norman comes in at No. 122. That’s still a high enough ranking for Sooners to brag about being one of the country’s top college values but not quite good enough to beat their old rival, which despite a somewhat higher price tag, produces graduates who emerge with less debt ($11,200, on average for UT grads vs. $13,200 for Oklahoma students) and go on to earn slightly higher salaries ($50,400 a year on average in the first five years of their careers vs. $47,700 reported by Oklahoma alums).
The Winner: TEXAS

See more of Money’s Best Colleges:
The 25 Most Affordable Colleges
The 25 Colleges That Add the Most Value
The 25 Best Colleges That You Can Actually Get Into

 

TIME animals

What’s This? Oh Nothing, Just a Bunch of Corgi Puppies Frolicking on a College Campus

The cuteness is ALMOST too much to handle. Almost.

A team of six intrepid young corgis were recruited to visit Georgia Tech to spread their unbelievable cuteness and undeniable charisma all over campus. Well, let’s just say that these little guys certainly met — nay, exceeded — those expectations.

Watch here as the pups casually take over the campus with their fluffy butts, floppy ears and big adorable puppy dog eyes. Oh, and if you’re wondering why they spend so much time hanging out in baking dishes, Jezebel got an explanation from the person who posted the video:

For some reason, they just really like sleeping in pans! … When we only had one pan out, they would all try to cram inside it!

(h/t Jezebel)

MONEY College

Why Veterans Will Soon Save Thousands on College

War veterans & co-eds taking notes during classroom lecture at crowded University of Iowa
The latest change to the GI Bill will help fill college classrooms for less. Margaret Bourke-White/The LIFE P—Getty Images

A bill heading to the president's desk grants veterans and their families automatic in-state status at all public colleges, potentially saving them time and money.

Great news for college-bound veterans and their families: Starting next year—the fall of 2015—veterans and their dependents will be able to pay low in-state tuition at any public university in the country.

A bill granting veterans automatic in-state status at the nation’s public colleges got final bipartisan approval by Congress last Thursday, and President Obama has said he will sign it into law.

While public colleges are concerned that the new bill will cost them money, veteran’s organizations are thrilled. “We’re really excited,” says William Hubbard, vice president of government affairs for the Student Veterans of America, which estimates there are 550,000 veterans currently in higher education.

Because members of the military often spend long periods overseas, many don’t maintain residency in any U.S. state. So servicemen and women often can’t find an affordable college when they return home to start civilian life, Hubbard says.

Twenty-four states have passed state laws giving vets in-state status at their public colleges, but many veterans live or want to live in states that haven’t done so, such as California or North Carolina, he says. At the University of North Carolina, for example, in-state residents are charged tuition and fees of about $6,400 this year; out-of-state students pay roughly $31,800.

The bill could save families tens of thousands of dollars, since the automatic in-state status will also be granted to veterans’ spouses and children.

Because veterans won’t have to wait to establish residency in a state to pay the lower tuition, the new law will also save time and speed the transition to civilian life, says Ryan Tomlinson, education program coordinator of the Iraq and Afghanistan Veterans of America. “I’m happy for the vets,” he says. “This increases their access to good colleges.”

Public colleges and universities, while sympathetic to the veterans’ plight, expressed concern that Congress was forcing them to take on extra expenses. Peter McPherson, president of the Association of Public Land-Grant Universities, notes that states have been cutting the budgets of public colleges for years. This new law, by reducing their tuition revenues, “would add further financial strain to these institutions,” he warned.

Learn more about Money’s Best Colleges 2014-2015

TIME

Libertarian Student Activists Rally at National Convention

White House contender Rand Paul revved up the youthful crowd, asking "Anybody here from the 'Leave Me Alone' coalition? How about the 'Leave Me The Hell Alone' coalition?”

A crowd of college kids screamed and cheered, belting out chants and pumping their fists. The energy in the room was palpable. Some craned their necks to get a better view and others nudged their friends in excitement. The kids weren’t waiting for a rock concert to start or a celebrity to walk across the stage. They were waiting for Sen. Rand Paul (R-Ky) to kick off the annual Young Americans for Liberty (YAL) National Convention in Washington, D.C.

Almost 300 student activists for YAL traveled from around the country to convene for a five-day convention filled with talks about liberty and appearances by prominent libertarian leaders. The convention kicked off Wednesday evening with an address by Sen. Rand Paul followed by a House of Representatives panel, featuring six members of the House Liberty Caucus.

“Anybody here from the leave me alone coalition? How about the leave me the hell alone coalition?” Paul asked the room to a response of cheers. “Some people are writing and saying there’s a libertarian moment in our country right now.”

Speakers went on to talk about key libertarian party principles of personal and economic liberty, then touch on hot button issues for millennials, including the NSA, social security and the legalization of marijuana. The panel’s six congressional leaders detailed their personal journeys in politics and offered advice to the budding libertarian leaders. Rep. Thomas Massie (R-Ky) urged the student activists to “find more of you” and Rep. Mark Sanford (R-SC) told students to “be willing to lose.”

The discussion was more than just an advice session for aspiring college students. It was also a clear call for young people to help broadcast the Libertarian message and to recruit more of their peers to join the party.

“I keep reminding my Republican colleagues that if you want to continue to have a bunch of old people with old ideas in the Republican Party, we will no longer have a vibrant party,” Rep. Raul Labrador (R-Wisc.) said at the panel on Wednesday. “If we can invite young people that will actually bring new ideas and will bring energy to the party then we will be the dominant party in the United States.”

MONEY College

How Families Are Keeping a Lid on College Costs

Even though the price of a degree is steep, a new report finds that Americans are coming up with ways to limit the damage.

Despite the rising sticker price for a college education, American families are keeping higher education spending in check, according to Sallie Mae’s annual study of how students and their parents pay for college. One key reason: families are working hard to keep costs down.

This past academic year, families devoted an average of $20,882 toward a college degree, about the same amount they’ve paid for the past three years, and well below the 2010 high of $24,097.

“Even though we read stories about tuition going up, families are really holding the line on how much they’re spending,” says Sallie Mae’s Sarah Ducich, co-author of How America Pays for College. “They’re just not willing to write a blank check, and they are taking determined steps to make college affordable for them.”

They also relied less on debt. Borrowed funds covered an average of 22% of college costs this year, down from 27% the previous two years and the lowest level in five years. One of the main reasons for that, says Ducich, is that more students, especially low-income ones, were awarded grants and scholarships.

Overall, families are employing a number of cost-cutting measures, with the average family taking five different steps to bring expenses down, the report found. Among the biggest ways to trim education budgets:
  • Enrolling in two-year schools: In 2014 34% of students were enrolled in two-year public colleges, vs. 30% last year. That let them spend $10,060 less than four-year public school students did on average, and $23,843 less on average than their peers at four-year private schools.
  • Shopping by price: Two thirds of families reported eliminating colleges because of high costs. “This cost curve is something we saw jump post-recession, and it’s stayed at this high since,” Ducich says. Another 12% transferred to a less expensive school, up from 9% who did so last year. (For help finding a good education at the right price, check out our new ranking of the best college values.)
  • Changing majors: One in five families admitted to swapping majors to pursue a field that is more marketable, a trend that’s been steadily rising since 2012.
  • Lowering “fun” spending: Two-thirds of students said they cut personal spending to help shoulder college costs, vs. 60% who said the same last year.
  • Staying local: A full 69% of students opted for in-state tuition to save, and more than half chose to live at home or with relatives to cut down on housing bills.

More on how to save on college:

 

MONEY College

Yes, College Costs a Lot — But Here’s Why It’s Probably Less Than You Think

Perceptions don't jibe with reality for one simple reason: Most families don't actually pay full price for college.

For most families with college-bound kids, the sharp rise in tuition over the past two decades has been downright scary. The price of higher education has more than doubled in the last 20 years—and that’s after factoring in inflation. The full tab for tuition, room, board, and fees at the typical private four-year university was just shy of $41,000 for the past academic year; at public schools, the bill ran over $18,000. That’s a lot of money.

But, as the New York Times points out, this increase doesn’t jibe with reality for one simple reason: Most families don’t actually pay full price for college.

The number that matters most is not a college’s sticker price (the total cost of tuition, fees, room, board, books, and other expenses) but rather the school’s net price—what a student pays to attend after factoring in scholarships and grants. The federal government publishes an average one-year net price for first-time full-time students on its College Navigator site for every college.

Net price is also one of the affordability metrics MONEY used in creating our own college rankings. But with a twist: Our calculation looks at the total price of getting a degree, from freshman year through graduation, instead of a single year. So in addition to factoring in the aid a typical student will get from each school, we also considered tuition inflation and the time the typical student takes to graduate, since many need more than four years to earn their BA.

Using net price instead of sticker price—whether it’s the government’s calculation, MONEY’s, or a personalized result from a net price calculator—makes sense of otherwise nonsensical data. If college tuition and fees really rose more than 100% over the last two decades, no one but Warren Buffett’s offspring could afford to attend even a mid-priced school.

But when you look at the net price instead of the sticker price, the cost of college has risen only about 40% to 50% over the past 20 years, based on data from the College Board—half of what the sticker would lead you to believe. The cost is still high, of course, but not nearly as bad as the unadjusted numbers suggest.

The following comparison is good way of visualizing how important this distinction is.

Case Study: Columbia University

MONEY Ranking: 22

Average Time to Degree: 4.1 Years

Sticker Price of Degree: $284,029

Net Price of Degree: $206,752 (72.8% of Sticker)

Sticker-Net Difference: $77,277

Case Study: Harvey Mudd

MONEY Ranking: 7

Average Time to Degree: 4.1 Years

Sticker Price of Degree: $295,024

Net Price of Degree: $187,694 (63.6% of Sticker)

Sticker-Net Difference: $107,330

If you looked at sticker prices alone, you’d think Columbia was the cheaper school. Over the time it takes to get a Columbia degree, a student would spend $284,029 (taking into account future inflation), and $295,024 studying at Harvey Mudd, assuming he or she paid sticker price. But when you look at net price, the picture completely changes.

Based on the average amount of aid students from each school receive, a person who enrolled in Columbia would actually spend about $19,000 more on average over four years than someone who went to Mudd. You could buy a new car with that kind of money. And often, the differences between similar schools can be even more dramatic. For instance, the difference between the net price of a degree at Columbia, the most expensive Ivy in the MONEY ranking, and Princeton, the cheapest, is about $60,000. (MONEY’s Best Colleges breaks out both the most expensive schools in our rankings here and the most affordable schools.)

So who actually pays sticker price? At private colleges, families who earn less than about $200,000 may get some need-based aid. For lower-cost public colleges, the income cutoff is typically closer to $100,000 to $125,000. And most schools will award merit grants to students with extraordinary talents or academic achievements, no matter how much their parents earn.

However, it’s important to remember the outliers. Elite universities, for example, are a totally different ball game. In general, 40% to 60% of students at top-level schools pay sticker price for their education. For example, only about half of Yale students receive grants from the school to defray the sticker price.

Conversely, there are less selective schools where almost nobody pays full price. At Ripon College, which MONEY ranked 554th, 95% of students receive scholarships from the school. Looking back to our case study, 51% of Columbia students are paying full price, compared to 29% at Harvey Mudd. Yet at No. 7, Harvey Mudd ranks higher than No. 22 Columbia, partly because it has a lower net price, but also because its graduates reported considerably higher average earnings early in their careers.

Of course, some of a college’s total cost also depends on the student. If a Columbia enrollee buys used books, cooks his own food, and makes sure to finish in four years, his final bill will be lower than it could have been. If he goes out every night and takes six years to graduate… well, under those circumstances, any school would eventually get pretty pricey.

MONEY College

Why Your College-Bound Kid Needs to Meet Your Financial Planner

Parents showing jars of money
Jamie Grill—Getty Images

Sheltering children from tough money choices now can lead to unhappiness later on.

When I schedule a meeting with parents to talk about college costs, I always ask if the student will be attending the consultation.

About 80% of the time, the parents say no. Their usual response: “He’s too busy,” or “We would rather not include her.”

That’s a big mistake.

What I do is help estimate the final costs that the parents will be facing, taking into consideration projected financial aid, merit awards and the family’s current resources. Those costs can vary widely, from $5,500 a year to attend a community college while living at home to over $70,000 per year to go to a private college such as New York University.

Students should be involved from the start, so they can understand the financial issues that their parents will be facing. Students need to see the great disparity in cost outcomes among the different colleges on their wish list.

When I meet with the whole family, we can narrow down the types of schools that would be affordable to the parents as well as meet the academic and social needs of the student.

That way, we can avoid a situation in which a high school student, ignorant of any financial implications, pursues whatever college he is interested in. Then, in April of his senior year, when all of the acceptances and awards arrive, his parents review the options and say, “We can’t afford any of these.”

At that point, the only choices are for the student to attend a school he’s not happy with (such as a local college commuter school), or for the parents to go into deep debt in order to finance an education they cannot afford.

So I try my best to convince the parents to invite their student. Perhaps the parents are trying to shield their finances from their children. Eventually, however, the kids will be part of the parent’s estate planning. The earlier the children know about the parent’s financial situation the better. If a family limits the college search to the types of colleges that meet all needs (financial, academic, and social), then the only outcome in senior year will be a happy one for both the parents and the student!

——————————-

Paula Bishop is a certified public accountant and an adviser on financial aid for college. She holds a BS in economics with a major in finance from the Wharton School and an MBA from the University of California at Berkeley. She is a member of the National College Advocacy Group, whose mission is to provide education and resources for college planning professionals, students and families. Her website is www.paulabishop.com.

MONEY Shopping

The Stunning Sales Figure That Shows Nobody Wants to Grow Up

Businessman carrying backpack and briefcase
Bloomberg via Getty Images

Working professionals seem to be trying really hard to look like they're still in college.

It’s not exactly like Wall Streeters have started wearing hoodies to the office, but it’s in the same ballpark. In a sign that indicates working professionals are embracing the delusion they could still pass for college students, many are skipping the tired old briefcase and turning to the youthful backpack as their go-to office bag of choice.

AdAge and GQ, among others, have noticed the trend, quantified by data from the NPD Group, which has it that for the 12-month period ending in May 2014, backpack sales among adults 18 and over were up 33%. Among adult women, backpack sales were up 48% over that time span, though men still outspend the gals on backpacks annually: $385 million vs. $311 million.

Clearly, one reason that backpack sales are soaring is simply that they’re practical: They can handle your gym gear, sunglasses, snacks, and an ever-increasing amount of gadgets that just wouldn’t fit in even the largest briefcases. Backpacks are also easier to tote around, especially if you’re on a bike or have a long walk.

We also must acknowledge that the rise of work backpacks goes hand in hand with a turn to more casual dress in the workplace, prompted as least partly by all of those scruffy, hoodie-wearing tech workers. By now, the Swiss Army backpack has become a key component of the official Silicon Valley tech uniform, alongside Warby Parkers, skater sneakers, and a general lack of grooming.

Professionals are allowing themselves to strap on the kind of bag they used when they were 15 without embarrassment or totally looking foolish thanks to the introduction of a wide range of packs that are more, well, professional. Tumi lists dozens of understated, black and earth-tone backpacks in the category of being appropriate for business.

What’s more, the backpack’s versatility and youthful cachet sends a certain message, to the wearer if not the entire world. The message is one of adventure and possibility—that you can jump from the boardroom, to a mountain bike, to an impromptu flight to Copenhagen. The backpack says I may work in an office, but I’m not just another drone commuter. I have more going on in my life than any sad, slim briefcase can handle.

Then again, maybe instead it just says you like pretending you’re still in college.

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser