Everyone knows paying for education costs money. Very few people know that paying for tuition is not the biggest challenge facing students. Besides tuition you have other college related expenses that are
as high or higher than the tuition itself. View the data on this page and use our How Much For College
tools in order to calculate how much education will cost you.
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Every financial aid related website starts like this: "College Costs are going up, up, up, and up...". Here, at amero.org our view is different.
There is no point of complaining about college costs if millions of Financial Aid dollars goes unclaimed each year.
It is generally true, college tuition and college expenses go up year over year, but everything else goes up in value as well over the long term. Fiat currencies are inflationary by design, so prices do go up.
The good news is amount of Financial Aid goes up year over year as well. College grants pop up every day looking for motivated students to take them. Looking simply at college costs alone and complaining about them is a road to nowhere. It's much smarter to look for "more" Financial Aid in order to cover the cost.
The fact that federal aid goes unclaimed each year means you should not worry too much about college costs. Worst case scenario please visit our Reduce College Costs page and read up all information about reducing the bill. Our great Save Money WIZARD could help you save money for school.
Before we jump into specific costs here is an average total cost summary for academic year 2007-2008. Average total cost includes: tuition and fees, room and board, textbooks and supplies, transportation and other college related expenses.
4-Year Public: $37,390
College Cost Breakdown
Books, Transportation, and Other Costs
Standard Undergraduate Cost per Year
The chart you see here shows a standard cost for a full-time, in-state undergraduate student living on campus for the 2009–10 year.
For graduate students the cost is much higher.
Financial Aid Awarded to Undergraduates
The average award for 2007–08 academic year was $14,633. 69% of undergraduates received financial aid including
Student Loans and Federal Parent PLUS Loans.
Out of all students who graduated from in 2007–08 and started as freshmen, 61% borrowed while enrolled at school. For all students the average cumulative debt at graduation for these borrowers
was $14,932. These numbers exclude Parent Loans.
The break down on this page shows why students search for financial aid. As you can see the cost of tuition is not the highest on the list. You still have to support yourself
while at school. On top of all this you need to purchase college textbooks, cover school commute, and pay for all other expenses.
Just remember the data you see here is averaged out and actual college costs can vary widely. If your plan is to enroll in a local community college and live at home your cost could be almost nothing. You would only have to pay for the transportation. Sometimes even that is paid for. State public university will cost between $10,000 to $22,000 a year. Everything will depend on the college you go to.
We advise our financial aid candidates to use our tools below and see how much college is going to cost, how to plan or save for college, how to find financial aid, and calculate
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