September 9, 2008

The cost of college

How much does college cost nowadays? Well the exact figure will depend on the college in question. There's a huge variation in tuition and room and board rates between schools. But we can easily get the average figures as a reference point.

According to the College Board, the average figures are below (see full report)

Tuition rates
2 year public school tuition: $2361
4 year public in state tuition : $6185
4 year public out of state tuition: $16640
4 year private tuition: $23712

Room and board:
4 year public: $7404
4 year private: $8595

Total costs
4 year public in state: $13589
4 year public out of state: $24044
4 year private: $32307

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