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.
10440
$10,440
11510
$11,510
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.
1240
$1,240
1230
$1,230
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.
2170
$2,170