Children traditionally enter college at age 18, and usually attend four to five years to obtain an undergraduate degree. College costs include tuition and fees, room and board, and other expenses. If you do not know the current cost of the college your child will attend, use the chart below. Since college costs historically have increased at a rate equal to twice the normal inflation rate, a 6% inflation rate is used with this calculator.
Annual Cost for College
|Source of Information||Public Community College||Public 4-Year College||Private 4-Year College|
|U.S. Dept. of Ed.||$7,397||$10,058||$25,050|
*Costs are estimated from the National Center for Education Statistics, U.S. Department of Education. Actual costs are determined by each individual college each fiscal year.
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May 24, 2016
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