Saving for college starts with understanding the true cost of a post-secondary education. College expenses grow every year and include more than just tuition. Over the last 10 years, published in-state tuition and fees at public four-year universities increased at an average rate of 2.2% beyond inflation, according to the College Board.
Scroll down to see the national averages for one year at an in-state public university in 2019-2020.
This is what most people think about when they consider college expenses—the cost of attending courses. In reality, tuition constitutes just 39% of the average student’s total bill.
The typical cost of on-campus housing. Whether students live on or off campus, the cost of living during college can be a significant hurdle.
This accounts for traditional books and supplies, as well as technology like computers and software.
Even students who live on campus need to get around. Transportation costs include things like bus fare, gas and car maintenance.
Food, a cell phone bill, clothing. This accounts for everything else.