Last updated on December 18, 2024 by College Financial Aid Advice.
2 Year Public - The cost to attend a 2 year public community college is the least expensive option. Not only are tuition and fees cheaper, but room and board is cheaper, because it assumes the student lives at home with the parent. It is also easier to hold a part-time job when attending a community college.
4 Year Public In-State - An in-state public college or university is an affordable option, as the tuition and fees are lower for state residents.
4 Year Public Out-of-State - An out-of-state public school becomes more expensive, although there are regional Tuition Assistance Programs that offer reduced tuition rates for students from neighboring states.
4 Year Private, Non-Profit - On paper, private 4 year non-profit colleges and universities are the most expensive. However, many of them offer large financial aid packages that reduce the cost. It may also be easier to graduate within 4 years, reducing the overall cost (see below). Check out the tuition costs at the top 20 national universities at College Tuition List.
Tuition and Fees Tuition and fees are set by the school, and may increase each year, especially for public schools. Tuition and fees may vary depending on how many units you take, and your major. For example, there may be lab fees for some art majors, or flying fees for aviation pilot majors.
Room and Board - $12,917 a year on average. Whether you live in the dorm, an on-campus apartment, or an off-campus apartment or house, the cost for renting a room can be very expensive. Share a room to reduce costs if possible. Board means food. Meal plans vary in price, and usually they are required if you live in the dorm. If you live in an apartment or house, you can usually save money on food by shopping wisely and preparing your own food.
Books and Supplies - Average cost $1220 a year. Books and supplies can be very expensive, depending on your major. Check out ways to save money with Cheap College Books.
Personal Expenses - Average cost $3790 per year. Laundry, cell phone, clothes, entertainment are all part of personal expenses. These are easy to go over budget. Why not get a student job for some spending money?
Transportation - Cost can vary a lot. Expect to pay more for travel expenses if you have a car, commute to college, or live across the country from your college. See our ideas for saving money on transportation costs with Student Travel Deals.
Graduate in 4 Years - First, students are more likely to graduate within 4 years. In public schools, it may be difficult to get the classes you need as many classes are impacted and are only offered once a year, so it may take 6 years to complete what you think is a 4 year degree. As shown in the above chart, 4 years at a private college is not much more expensive than 6 years at a public college, and may even be less if financial aid package covers a substantial portion of the cost (student only pays 60% as shown in the example of the chart).
Good Financial Aid Packages - Second, many private colleges and universities have large endowments that are used for scholarships and grants for students who need financial aid. They may provide a better financial aid packet, so the expected family contribution is the same or less than a less expensive public school.
Better Job Prospects - Third, a degree from a top rated private school may help a student secure that all-important first job out of college. Since most students graduate with some student loans, having a good job to allow you to pay back the loans is important.
See what our readers have said about tuition options for private colleges and universities, state universities and community college. Learn why they made the choices they made.
Community College, State University, or Private University? You DecideI began my college search very early into my junior year of high school. I had always believed that I would and could go to a four year university. Guidance counselors and other people I knew who had been to college suggested attending a community college for a couple of years before transferring to a four year university to finish my degree. I had always shrugged off the idea, thinking that...
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Most people think about going to a four year university when they are in high school, not realizing that that might not be the best choice. In my opinion, it isn't even a smart choice. Going to a community college for two years then going to a university is the most logical choice. Community college is cheater and gives you the opportunity to find yourself before spending a ton of money...
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As a high school senior, it is very important that I find the college that will best suit me for the lowest price possible. I had five options: community college, in-state public and private universities, and out-of-state public and private universities. Unlike many others, I decided on a very specific major, so my options were already limited…
Scholarships for 2025 - 2026 - It is never too early or too late to work on your scholarship searches. If you are part of the high school class of 2025, you should work on your scholarship and college search now. See our list of Scholarships for High School Seniors
FAFSA - The official 2025 - 2026 FAFSA is available now. FAFSA.
Scholarship Lists An overview of the different types of Scholarship Money for College.
Grants Learn more about grants, the other free money for college.
Need Tuition Help? Reduce the cost of tuition with these college Tuition Assistance Programs.
Tax Credit Claim the American Opportunity Tax Credit.
College Savings Plans Save money for college with these College Savings Plans.
Need a Student Loan? Yes, you qualify for these college Student Loans.
Scholarships for High School Students
Overview Tuition Assistance Programs
Cheap Out of State Tuition in the Midwest
College Tuition Assistance in the West
College Tuition Help in the South