Of course, costs and the quality of education provided can vary dramatically from school to school. You can use the U. Student loans can be used to take care of not only required classroom materials like textbooks, but living expenses like rent, utilities, and groceries. As a result, once students hit their limits on the most affordable federal loans, many are turning to federal PLUS and private student loans to cover increasingly large funding gaps.
According to the National Center for Education Statistics , in the academic year:. All of the charts in this article are free for you to share or embed on your own website, blog, or research paper.
The degree-granting classification is very similar to the earlier higher education classification, but it includes more 2-year colleges and excludes a few higher education institutions that did not grant degrees. Some data have been revised from previously published figures.
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Personal Finance. Liz Knueven. Most students don't pay the full cost, however. The average cost of college has increased over the years and has caused people to contemplate how they are going to pay for college and if the increase in cost is worth the return. Additional college expenses can add up when calculating the total cost of college in The following guide will help you understand the major costs associated with paying for college in The following statistics represent the true cost of college for different school types:.
Students have to pay for books and supplies, room and board, transportation, food, and much more. These factors vary in price from state to state, but all have continued to increase over the years. Before students attend college, they might not be aware of the difference between tuition and fees. The cost of tuition is a charge directly from the school for teaching. This is usually the most expensive component for attending college. However, other fees and expenses can add up quickly.
Fees vary from school to school, and they are additional charges on top of the tuition. For example, a school may have a health clinic fee, gym fee, communication fee, technology fee, athletic fee, among others. Beyond tuition and fees, your living expenses in college add to the overall cost of college. This includes books and school supplies, housing and transportation and other miscellaneous living costs such as personal hygiene items, linens, cooking supplies, and basic necessities.
Whether the school is public, private, in-state, or out-of-state, the textbook and school supply costs are all relatively the same. A factor that practically doubles the cost of college is housing. Commuters spend less than people who live on campus because they do not incur room and board or housing expenses. However, commuters still have expenses to consider. Beyond the cost of tuition and fees associated with driving to and from campus, commuters have to budget for gas, car insurance and maintenance, parking and their housing expenses if they live off-campus on their own.
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