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Homework Lecture

Uploaded by

k62.2312155222
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Is the US tuition fee for college the most expensive (and unaffordable) in the world?

CNN Business

The average American saved $5,011 last year. That means it would take them about 75 years
to save up enough cash to send one child to a top-rated US university.

College is really expensive. And it just keeps getting more expensive.

The average tuition at US private colleges grew by about 4% last year to just under $40,000
per year, according to data collected by US News & World Report. For a public in-state
school, that cost was $10,500, that’s an annual increase of 0.8% for in-state students and
about 1% for out-of-state.

But at highly rated or selective schools, the price tag increases substantially. Harvard
University charges $57,246 in tuition and fees, per year, for undergraduate students. When
you add in housing, food, books and other cost of living expenses, Harvard says you should
expect to pay about $95,438 each year.

Collegeboardresearch

As of the 2024-2025 academic year, the average tuition costs for undergraduate students in
the U.S. remain high and vary significantly by institution type and residency. According to
the College Board's latest Trends in College Pricing and Student Aid report, published (or
"sticker") tuition fees for public, in-state, four-year institutions average $11,610 annually,
with out-of-state students facing a significantly higher rate of around $30,780. Private
nonprofit institutions have an even higher average at $43,350. Community colleges (public
two-year institutions) cost around $4,050 on average per year, varying from state to state.

Review the policies of the US for college in the last 10 years.

Over the last decade, U.S. college costs have continued to rise while many other nations
have expanded financial aid and tuition-free options. The U.S. federal government,
meanwhile, has implemented loan forgiveness plans and income-driven repayment
schemes to help manage debt, yet students in the U.S. still face one of the world’s largest
debt burdens. U.S. policymakers have not universally adopted free tuition, although some
states like New York have implemented programs to cover costs for lower-income
residents at public colleges
(Cre: Link)

The total cost of attending a postsecondary institution includes the sum of published
tuition and required fees;1,2 books and supplies; and the average cost for room, board, and
other expenses for each institution. In academic year 2022–23, the average total cost of
attendance3 for first-time, full-time degree/certificate-seeking undergraduate students
differed by control of institution (public, private nonprofit, or private for-profit) and level
of institution (4-year or 2-year). In addition, the average total cost of attendance varied by
student living arrangement. A student could live on campus; off campus with family; or off
campus but not with family. For example, in 2022–23, the average total cost of attendance
for first-time, full-time undergraduate students living on campus at 4-year degree-
granting institutions was higher at private nonprofit institutions ($58,600) than at private
for-profit institutions ($33,600) and public institutions ($27,100).4

EDsmart

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