Doane’s high percentage of scholarships awarded has earned the school a “B” letter grade when it comes to the cost to students. The school’s higher than average net price kept it from doing better.
Ninety-nine percent of students on Doane’s Crete campus receive financial aid. This is higher than the average of 91 percent among the eight peer and aspirant schools selected for comparison, according to data from theNational Center for Education Statistics.
Doane’s average net price is higher than the average though, according to the NCES data.
The net price is the final amount students have to pay after scholarships and financial aid.
Doane’s average net price is $24,445, compared to the average net price of $22,796.
Julie Schmidt, Financial Affairs vice president, believes this is a fair grade, she said.
Schmidt said she hoped Doane is worth the cost.
“My only measure of that (if Doane is worth the cost) is the students that have graduated, the board members who are mostly graduates of Doane and their success,” Schmidt said. “The alumni I meet, basically, are the ones who tell me their degree was worth it.”
Junior Hunter Sieckmeyer said he would not have given Doane a “B-”.
“I would personally rate it a little lower,” Sieckmeyer said. “I didn’t know about those specific numbers. So that’s fair, Doane’s got some good stuff going for it. Those continuous cost raises (tuition and fees and room and board) are just kind of frustrating and disappointing.”
Sieckmeyer said he values the education he got at Doane. Though, he didn’t feel like Doane was as worth the money as it used to be.
Doane tries to keep the cost of tuition affordable for students. Because of Doane’s large endowment, the university is able to give out financial aid to most students, Schmidt said. Still, Schmidt acknowledges that the high price of college is a challenge for students at Doane and nationally, she said.
“I do think that it’s a serious concern for students about how they are going to pay off their debt when they graduate,” Schmidt said. “Doane can’t solve that on its own.”
Schmidt also believes that there are non-tangible factors that make Doane worth the price, such as a greater sense of community, she said.
“I think that no matter where you go in this world, there’s always somebody from Doane. I think there’s a special connection to Doane,” Schmidt said. “That Doane connection is a real thing and its valued. I didn’t go to school here, but I’ve witnessed it working here.”
Schmidt also believes Doane students graduate with a greater sense of purpose than students from other schools, she said.
“I know that when I went to school, my motivation was purely vocational, all I wanted was a career,” she said. “But I think Doane students want more, I think they want to save the world. I find it so promising that young people want to do more than have a career when they leave Doane, they want to take their skills and use them to do good in the world.”