Cost of College Tuition
It's no secret that the cost of college tuition is on the rise. Today, the average cost of a four-year undergraduate education at a public university is over $80,000 and four years at a private college comes with a price tag of more than $165,000.1 And college tuition will, no doubt, cost more by the time your child is ready. The chart below shows the trends of the rising costs of tuition and the prices you can expect when your child is old enough for college.
The best way to prepare for college costs is to start saving early. Begin planning for tomorrow by using our college cost calculator to determine how much you should plan to save for your child's future tuition. Yes, college may be expensive, but it also may be one of the best investments you can make for your child. The money you save today can go a long way in helping your child avoid a lifetime of college debt. So don't let the numbers get in the way; start saving today by enrolling online.
2. Source of chart data: The College Board, "Trends in College Pricing”, 2011. Average college costs include tuition, fees, books and supplies, room and board, transportation and other expenses as well as the assumed 5% annual rate of increase. This illustration uses the actual 2010-2011 cost averages in order to project the hypothetical future costs.