US college cost

August 11, 2023
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Why Does College Cost So Much?
  • TOTAL ANNUAL COST

    (includes in-state tuition, fees, room and board; excludes grants or scholarships)

    $53, 100

  • MONEY'S ESTIMATED COST

    after receipt of grants and scholarships

  • for one year

    $28, 000

  • for four years

    $118, 900

  • Estimated cost based on aid at different income levels
  • TUITION
  • IN-STATE TUITION
  • OUT-OF-STATE-TUITION
  • STUDENTS RECEIVING SCHOLARSHIPS OR GRANTS

    39%

  • FOUR-YEAR GRADUATION RATE

    83%

    • Sources: PETERSON'S, A Nelnet Company; US Department of Education; MONEY calculations. Peterson's figures are for the 2011-12 academic year, and do not include books and miscellaneous expenses. Money's estimated costs for one year are the estimated net price after all grants and scholarships are subtracted from tuition, fees, room and board. Money's estimated costs reflect average grant or scholarship aid for families in each income bracket receiving federal aid and are based on DoE data for the 2008-09 academic year. The four-year cost is Money's estimate for a student starting in 2011 and reflect expected college-cost inflation. Rates for graduation and receipt of financial aid are drawn from DoE data for 2008-09.

    Source: money.cnn.com
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