Each year College Board puts out a study about the cost of college.
Here is some of what this year’s study found:
- Nearly half (47 percent) of all full-time undergraduate college students attend a four-year college that has published charges of less than $9,000 per year for tuition and fees.”
- At the other end of the spectrum are private four-year colleges that cost $35,000 or more yearly in tuition and fees. These higher-priced colleges sometimes have bigger endowments and more grant aid available — which may mean that you can get more financial help to attend that institution.
- At two-year colleges, the average cost for tuition and fees is $2,713.
- A handful of colleges either charge no tuition at all or offer all students full scholarships covering tuition costs.
There’s no denying the cost of college continues to rise especially since so many states are cutting state school budgets.
A lot of students and parents wonder how their child’s school compares to others across the country and now there’s a great interactive tool to help you figure that out.
The Chronicle of Higher Education has done all the work for you comparing the cost of tuition and fees at more than 3,000 schools across the country.
It that lets you look up public and private schools and then compare their tuition and fees to other schools either in or out of state. For example, UT’s tuition and fees rose 5.5% this year, more than in 2009 (+4.9%) but a lot less than in 2008 (+11.2%).
A few tips for you: scroll over the graphs on each page to see how much tuition rose each year. You can also click on other schools and add them to the graph to see how they compare side by side. And feel free to jump from state to state or public to private schools it will keep adding on.
It’s a good tool for anyone hoping to send a child to college in the future and may help you see just how much you really need to be saving.