Home > Resources > Campus Life > College Costs

College Costs

When you’re conducting your college search, you will notice the outrageous numbers associated with higher education. The cost of attending college is huge, and goes beyond tuition. With the average cost of public colleges at $20,000 a year and the average cost of private colleges at $50,000 a year, families are left wondering what they’re paying for, and how to pay for it.

We’ve broken down what to expect when it comes to college costs. Use our college calculators to help plan for these expenses.

Tuition and Fees

Tuition will be the largest college expense, and it will increase each year. Student fees, such as technology fees, athletic fees, and student services fees are included in your tuition statement. These fees are mandatory, even if a student does not use these services. Tuition and fees have been rising at an average of 6% per year. While private colleges have higher tuition rates, their rates increase less quickly than state colleges, which are at the mercy of state budgets.

Room and Board

The cost of room and board varies based on the school you attend, and housing options. Single rooms and on-campus apartmentsare more expensive than triple rooms in older dorms. Colleges often place restrictions on where freshmen students live. However, if you lobby for health reasons such as allergies, there is often flexibility in campus housing.

Books and Supplies

With individual book prices well over $100, textbook costs add up quickly. Depending on your major you could be paying upwards of $500 per book. It’s important then to know there are other options available, such as buying used books or renting books. Also check if the textbook is available in your school library. Explore all alternatives before paying full price for any book.

College Living Expenses

A teenager living at home and using an after-school job for fun money does not realize how much it costs to maintain the standard of living they are accustomed to. Even parents footing the bills can be surprised at how quickly college costs add up. Many of these miscellaneous expenses can be covered with a campus job, but 10-12 hours a week will not be enough to cover surprise situations. Therefore, establish an emergency fund for extra security.

Last Reviewed: April 2017

Latest College & Financial Aid News

College Scholarships for Moms

April 21, 2017

by Susan Dutca

Being a college student can be daunting, period. With the surplus in coursework, responsibilities and stressing over college debt and expenses, college students are high-anxiety all year round...not just around finals time. On top of that, some student-parents must manage going to, and paying for college while raising and paying for their children. Fortunately, there are great financial aid resources and college scholarships reserved for students who have families; including students with dependent children, single mom scholarships, and single dad scholarships! With Mother's Day right around the corner, indulge in these exclusive free college scholarships- for your accomplishments as a student and mom. [...]

New York Free College Scholarship Program Not So "Free"?

April 18, 2017

by Susan Dutca

New York's free college scholarship program is being met with heavy criticism as more details have emerged and it is set to start in fall of 2017. Though lauded for being the first of its kind to offer free college tuition at public colleges and universities, many European countries already offer free college, regardless of family income level...and at the tax payers' expense. [...]

New York State to Offer Free College Scholarship Program in 2017

April 11, 2017

by Susan Dutca

New York State will soon be known as the "nation's first free-tuition program for middle-class families," and is ready to offer free college tuition to public colleges for in-state residents with adjusted gross incomes of $125,000 a year or less, according to the Associated Press. [...]

Follow Us:

facebook twitter rss feed