With college prices increasing and the cost being a primary motivator for many students opting out of college this fall, you may wonder how much the average tuition is right now. College Board is a site that provides research on tuition costs and financial aid. Here are some of their findings regarding the average price of college in 2020-21.
- State University (for residents) – The average cost of tuition and fees is $10,560. This means a four-year degree would cost over $42,000.
- State University (non-residents) – Even public four-schools often become out of reach if you are not a resident of the state already. The average tuition was $27,020 last year. That puts a four-year degree into the six figures range from a public university.
- Private University – Private schools are the most expensive and come at an average cost of $37,650 per year. That’s over $150,000 for four years.
- Community College – Local two-year schools are the most affordable option at an average cost of $3,770 per year (assuming you live in the district).
Of course, these are just averages, so the actual cost of a school can vary wildly depending on the state you live in or the location of the school you wish to attend (among other factors).
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