Higher Education Flipbook_2023

Typical Student Budgets Tuition, fees, room, and board account for a large percentage of college costs. However, there are other significant expenses to consider, including books and supplies, transportation, and miscellaneous expenses. This chart illustrates the average estimated cost of attendance at four-year public and private colleges and universities for the 2022–23 academic year. $4,690 $39,400 $14,030 $4,140 $10,940 $12,310 annual cost $57,570 $27,940 Public 4-year in-state, on-campus Private nonprofit 4-year, on-campus Sources: College Board, 2022 Books, transportation, & other expenses Room & board Tuition & fees annual cost These costs are for one year. Without accounting for inflation, four years of college might cost: $111,760 at a four-year public college $230,280 at a four-year private college Also consider that it may take some students more than four years to complete a college degree.