Author Topic: Average college cost breaks $30,000  (Read 2331 times)

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Average college cost breaks $30,000
« on: October 25, 2006, 10:12:23 PM »
Average for 4-year private school passes key mark; total costs for both public and private schools up well above inflation.
By Rob Kelley, CNNMoney.com staff writer
October 24 2006: 10:38 AM EDT


NEW YORK (CNNMoney.com) -- The average cost of a four-year private college jumped to $30,367 this school year, the first time the average has broken the $30,000 mark.

As they have for the past 11 years, average college costs rose faster than inflation, according the latest report from the College Board, a non-profit association of 4,500 schools, colleges and universities.



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College Costs
 Tuition Total Cost

Four-year public $5,836 $12,796
Four-year private $22,218 $30,367
 

Source:CollegeBoard
 
The good news is that the rate of increase at four-year public colleges slowed slightly for the third year in a row - to 6.3 percent from a 7.1 percent jump last year. The average tuition at four-year public colleges and universities is $5,836 for the 2006-07 school year.

The rate of growth in tuition at four-year private colleges was the same as last year - 5.9 percent - and the average tuition reached $22,218.

Of course, college costs don't just end at tuition. Room and board costs grew at around 5 percent for both public and private schools this year, with public schools at $6,960 and private schools $8,149 a year.

With room and board, four-year public colleges average $12,796 for in-state residents.


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Re: Average college cost breaks $30,000
« Reply #1 on: October 25, 2006, 10:23:46 PM »
who cares college sucked,biggest wast of money ever

but its good info,nice catch 240 ;)

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Re: Average college cost breaks $30,000
« Reply #2 on: October 27, 2006, 12:09:22 AM »
dude, i think my whole undergrad education cost maybe 8 grand lol...

my MBA was about 15k.

benchmstr

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Re: Average college cost breaks $30,000
« Reply #3 on: October 27, 2006, 12:34:55 AM »
dude, i think my whole undergrad education cost maybe 8 grand lol...

my MBA was about 15k.
i hated college and busted my ass to get my degree in a little over two years

and didnt pay a penny,multiple scholarships

the only thing i paid for was my house i hate people my age so i bought a house right outside of campus