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College Costs – Numbers That Might Surprise You

The cost of attending college can vary widely depending on the type of school, the location, and the program of study. Here are some numbers that might surprise you about college costs:

  1. The average cost of tuition and fees for a public four-year college is around $10,000 per year for in-state students and $26,000 per year for out-of-state students.
  2. The average cost of tuition and fees for a private four-year college is around $35,000 per year.
  3. The average cost of room and board at a public four-year college is around $10,000 per year, while the average cost at a private four-year college is around $12,000 per year.
  4. The total cost of attending college can vary widely depending on the school and the program of study. For example, the average cost of attending a public four-year college for one year is around $26,000, while the average cost of attending a private four-year college is around $47,000.
  5. There are many ways to reduce the cost of college, including applying for financial aid, scholarships, and grants, and attending a community college or a public university.
  6. The cost of college can be a significant investment, but it is often worth it in the long run. According to the U.S. Census Bureau, people with a college degree earn an average of $1 million more over their lifetime than those without a college degree.

By understanding the costs associated with college, you can make informed decisions about your education and financial planning. It is always a good idea to research the cost of different schools and programs and to consider all of your options before making a decision.

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