An analysis of cost of College by State

Date2015-02-05

Tuition fees could be one of the most ignored yet the biggest costs of our generation. In insight, they shouldn’t be seen as such because education is indispensable. Just like diseases, prices for products and temperatures, college fees have significantly grown. Currently, there are slightly over 2400 colleges in the U.S. that offer the four-year course. The increase is as a result of budget cuts in 2008 and a rise in the number of universities by 2010. California By 2013, the average tuition fees in 2011-12 stood at $8,830 in public universities for in-state students. When accommodation, food, stationery and other expenses factored in, the figure went to $21,029. Accommodation fees for out-of-state students were $6,474 and the total value adding to $30,000 after all inclusion of other fees minus grants. The private school averages in 2012 were at 33,674 then to $35,000 in 2013 and finally $37,000 and $39,000 in 2014. Alabama The average total fee for a basic university yearly fee in 2012 was $16,656 for public universities and $20, 380 for out-of-state students. The tuition fees in the public institutions were $7,528. In-state students paid $8,073, and their out-of-state counterparts $13,041 without other fees like board and room included. Private university cost totaled $21,674 in 2012. The figures have since risen to $23, 347 in 2013 and $24,546 in 2014. Alabama on the flip side has one of the cheapest private schools countrywide. Illinois In-state tuition fees stood at $21,178 to $22,222 in 2012 and 2013 respectively for public universities. In 2014, public school numbers had hit $23,000 which is $2,000 above the average figure for public universities in the country. Private students paid $35,645 in 2012, $37,097 in 2013 and $39,324 in 2014. The room fees in Illinois are third highest countrywide. The tuition fees have increased steadily by 5% for each subsequent year from $11,290 for public and $25,091 from 2012 to 2014. Massachusetts It has the highest private university net fees in the country. The net fees have averaged $48,159 in 2012, $49871 in 2013 and $50,000 in 2014. In public institutions, the costs have averaged half their counterparts’ in private. Their totals hit $20,328, $21,094 in 2012 and 2013 respectively. The total costs inclusive of board and room hit $22,324 on the average in 2014. However, with public universities, owing to the revoked grants, are opting to increase their fees. New Jersey Apparently, the most expensive public university total fees have been averaging highest in this state. At $23,314 in 2012 was only second to $23,151 in New Hampshire. The number grew to $24,945 in 2013, then $25,450 in 2014. In private colleges, the total fees were $41,201 and advanced to $42,831 in 2013. In 2014, they had reached $43,285 closely chasing Massachusetts universities. In general, 2014-15 academic year, community colleges averaged $3,347, public universities $9,139, out-of-state $22,958, and $31,231 for the private non-profit colleges. The rooms and board averaged: $7,705 for community colleges, in-state and out-of-state $9,804 and $11,188 for non-profit four year universities. The totals subsequently in community colleges were $11,052, public colleges $18,943 and $32,762 for out-of-state. Finally, the non-profit private institutions charged $42,419. Statistically, the figures have grown on average by 5% in all states. 2014-15 year, when adjusted for inflation, the best year since 2011. However, with the current upward curve, things are set to rocket. Be abreast with total fees inclusive of grants hitting as high as $19,000 in 2019 especially in California for in-state students.