The Hill’s Catherine Lucey reports on the cost of attending the nation’s colleges.
The Hill article College costs are soaring for students in all majors.
The price of attending an elite university has soared from $51,000 to more than $100,000 in the past decade, according to the College Board.
College costs for students at all majors rose by 2.5% from 2007 to 2017, according the Education Department’s annual report.
A college’s cost of attendance is determined by four factors: financial aid, room and board, tuition, and room and work.
For instance, the average cost of tuition at four-year public colleges in 2018 was $28,800, the same as in 2007, according a report from the Council of Higher Education Affiliates.
Colleges with the highest costs per student: The University of Wisconsin-Madison, at $65,200 The University, at more than double that The University at Buffalo, at nearly $90,000 The University University of North Carolina, at less than $60,000 Tuition is not the only expense students face at schools.
The average student in 2018 paid $7,500 for tuition and fees, $8,800 for room and a $2,600 fee for books and fees at public four- year public universities.
The cost of living in the United States is high, according for a number of reasons, including high taxes and a lack of job opportunities.
The national median household income for 2018 was just over $62,000.
A person earning less than that earns about $37,500 a year.
College cost inflation has been on the rise for a few years now, according an analysis by the Institute for College Access & Success.
Between 2011 and 2018, the cost per full-time-equivalent (FTE) student at four private colleges rose about 30%.
By 2021, that figure would have risen to more like 80%.
That’s because higher-paying schools have added more tuition to students’ costs.
At the University of California, the price of attendance for a two-year associate degree rose from $34,800 to more.
At Duke University, the inflation rate was nearly double.
A student at a private four-month college at the University at Albany, New York, paid $37.25 per week in tuition and $11,000 for room, board and books last year, a 17% increase.
At a public four years public university in Georgia, a full-year degree was $52,300, up from $39,000 a year earlier.
And at the private four year public university at New Mexico, a bachelor’s degree was up from about $34 to $49,300.
At both public universities, the most expensive program was the public two- and four-years.
The University-Wide Price of Attendance report from 2018 showed the cost to attend a four-week course at the public University of Miami was $39.85 per week, a 29% increase from last year.
At public four year colleges, the priciest program was a three-week program at the College of William and Mary, a 10% increase over last year’s cost.
In a survey of students by the Center for College Affordability and Productivity, an online education company, nearly 90% said they were not able to afford a college education.
At more than half of colleges surveyed, students said their expenses would increase significantly as they made up for financial aid and other costs.
College affordability is a major issue for students and educators alike.
A study by the Association of American Colleges and Universities found that nearly two-thirds of students say they would like to attend college more often, and that most students said college should be available for free.
But the cost for college students has increased, making it difficult to afford to go to college.
The College Board said last week that the average tuition cost for a four year college increased by nearly $2.8 million last year from 2019 to 2021.
Students have become more reliant on government aid programs, which are now even more expensive than before the Great Recession, and many schools are now using the federal government’s money for financial assistance.
The Institute for Workforce Education, a think tank that tracks the costs of higher education, estimates that the federal student loan program is costing taxpayers $17 billion a year, which includes interest and fees.
The report found that the cost rose nearly 30% from 2013 to 2017.
In the past year, student loan debt has skyrocketed by $3.4 trillion.
But even as debt levels continue to rise, there are some colleges that are making strides in lowering costs.
For example, in the fall of 2019, the University System of Georgia at Atlanta announced it would cut tuition to $1,200 per semester for students who earn less than the state’s minimum wage of $9.75 per hour.
Students who earned $35,000 or less at