10 months ago
It's no secret, education in the US is quite expensive. As a result, millions of US students collectively hold more than $1.5 trillion in student loans, and these are predominantly students of private schools. The Typical Student team has learned how much students of private colleges are actually paying in tuition.
What's the Average Net Price Of Tuition & Fees?
The Trends in College Pricing Report covering a decade between 1988 to 2018 shows that "the sticker prices tripled at public four-year schools and doubled at public two-year and private non-profit four-year schools." The latest data for the 2018 - 2019 academic year shows that the reported tuition at private non-profit four-year schools is $35,830 on average. However, it is suggested that many students end pay less.
Real Net Price Of Tuition & Fees In Private US Colleges in 2019
As calculated by the College Board, taking scholarships and grants into account, on average students pay less than the published price of $35,830. In reality, at private nonprofit four-year schools, students paid around $14,610 in tuition & fees. Students in private colleges typically get $21,220 in grant aid and tax benefits.
Real Net Price Of Tuition & Fees In Public US Colleges in 2019
As for public colleges, in the 2018 - 2019 academic year, the sticker price for in-state students at public four-year schools is $10,230. On average, the net tuition & fees is closer to $3,740.
As concluded by CNBC, the four-year graduation rates are the highest among private four-year schools. At that, in the majority of large public institutions "students must wait to register for the classes they need to graduate in four years until there’s space."
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