Nobody enjoys showing up at their favorite restaurant to see that their go-to dish cost $5 more than it did last week, just as I’m sure college students (and their parents) don’t enjoy learning they owe a lot more money than they did last year.
According to a College Board survey, the price of college is going up, and there doesn’t seem to be an end in sight.
Obviously, the cheapest schools are two-year community colleges. Over the last five years, tuition and fees have gone up 24 percent, costing roughly $11,000 a year with 75 percent of that coming from room and board.
Working our way up the ladder from there are four-year public schools, costing in state residents roughly $17,000. Bad news for the out of state students, as they’re looking to pay an upwards of $30,000 when all is said and done.
Last, but surely not least, is our all-American private schools. Although many boast a list of famous alumni and past presidents, it only makes going to school there far more expensive, costing an average just south of $40,000, an increase of 13 percent over the last five years.
Whether you’re heading to USC, UCLA or Santa Monica Community College in the fall, one thing is certain: expect to be shelving out a lot more dough.
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