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OLOL College ranks as one of nation's most affordable

OLOL College ranks as one of nation's most affordable
Monday, July 4, 2011 - 7:26am

Our Lady of the Lake College in Baton Rouge, Louisiana is among four-year, private, non-profit institutions providing undergraduate education at the lowest net price according to a Department of Education report released on June 30, 2011.

Each year, the Department of Education compiles College Affordability and Transparency Lists which name institutions at the extremes of tuition rates in a variety of categories. Our Lady of the Lake College is among 121 institutions in its class recognized as charging the lowest total cost of attendance.

“From the moment of its founding by the Franciscan Missionaries of Our Lady in 1923, the mission of this institution has been one of service to the community, with the understanding that the investment in education, especially for healthcare professions, is important to everyone. The education at Our Lady of the Lake College is held to the highest standards, led by some of the area’s best educators, and draws upon many of the most advanced clinical resources in the state,” said College President Sandra S. Harper, Ph.D. “We stand by a commitment to our students to make the education here affordable and to help those in need with scholarships and other aid. Students are our priority and we will continue to take actions to increase the accessibility and value of an education at Our Lady of the Lake College.”

Each year, all institutions of higher education are required to submit data to the U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). The average net price is calculated using this IPEDS data by subtracting the average amount of federal, state/local, government or institutional grant or scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees, books and supplies and the weighted average for room and board and other expenses.

Based on IPEDS data, the net price at Our Lady of the Lake College is $9,125. The national average for similar type institutions is $19,009.

Offering master’s, baccalaureate, and associate degrees, Our Lady of the Lake College is a four-year, independent institution, providing a strong foundation in the liberal arts and continuing its highly-regarded health sciences and nursing programs. For more information about the College, go to www.ololcollege.edu.

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