Every family wants their children to get the best education, so they start to gather the information about the cost of education in advance. But, the main thing they are interested in tuitions and fees, whereas there are a lot of other expenses. Let’s find out how much does it cost today to be a student and what expenses average student need to cover. Please, take a look at our infographic.
There are 5 main items of college expenses:
- Tuition and fees
It is $8,244 (in-state) and $20,770 (out-of-state) for students at a public school and $28,500 for students at a private college per year.
- Room and board
Public schools — $8,887, private schools — $10,089 per year.
- Book and supplies
The average student spends about $1,200 on books per year.
The average student spends about $1,082.
- Other expenses
The average student spends about $2,000.
The total bulk is:
- $21,500 (public university, in-state)
- $34,000 (public school, out-of-state)
- Over $42,000 (private college)
According to latest statistics the most affordable college in the USA with the amount of students 4,000 is University of Texas – Pan American (20,053 students), which is situated in Edinburg, Texas. The studying here costs $2,485 per year. Next 9 positions are (from the cheapest to the most expensive):
- California State University – Dominguez Hills (14,670), Carson, California — $2,791
- California State University – Los Angeles (23,258), Los Angeles, California — $4,756
- Lehman College City University of New York (12,085), Bronx, New York — $4,790
- City College of New York (15,331), New York, New York — $5,820
- Fayetteville State University (6,179), Fayetteville, North Carolina — $5,914
- Dalton State College (5,015), Dalton, Georgia — $5,914
- University of Texas – El Paso (23,003), El Paso, Texas — $6,089
- CUNY New York City College of Technology (16,860), Brooklyn, New York — $6,157
- Queens College of the City University of New York (18,974), Flushing, New York — $6,200
The most expensive college in the USA Is Harvey Mudd College, which is situated in Claremont, California. The studying here costs $67,155 per year. Next 9 positions are (from the most expensive to the cheapest):
- Columbia University, New York City, New York — $65,860
- Sarah Lawrence College, Yonkers, New York — $65,730
- New York University, New York City, New York — $65,330
- University of Chicago, Chicago, Illinois — $64,965
- Bard College at Simon’s Rock, Great Barrington, Massachusetts — $64,519
- Claremont McKenna College, Claremont, California — $64,325
- Scripps College, Claremont, California — $64,260
- Oberlin College, Oberlin, Ohio — $64,224
- University of Southern California, Los Angeles, California — $64,132
To understand what part of annual expenditures (total: $50,486) average American spends on education, please, take a look at this numbers:
- Housing — 33.9 %, or $17,115
- Food — 12.8 %, or $6,462
- Health care — 5.9 %, or $2,979
- Entertainment — 5.6 %, or $2,827
- Education — 2.1 %, or $1,060
Colleges started to offer applicants net price calculators 5 years ago, in 2011. Now, every student could use it visiting the college website. It gives students and their families the information about the cost of education based on the personal students’ families’ information.
Education doesn’t cheapen. Today, education is more expensive. Check the facts:
- Private schools (tuition and fees):
- 2015 — $31,231
- 1971 — $1,832
- Public schools (tuition and fees):
- 2015 — $9,139
- 1971 — $500