College Costs

There are more students in college than ever before, and the cost of tuition is higher than ever before. According to a recent briefing in The Week a four year degree is almost as expensive as buying a home.

At four year private schools the total for tuition, room and board, and books (plus) is $30,367. For state schools the average is $12,796. Over the past 10 years, the cost of public institutions has increased 50%.

Does it matter? According to the US Census Bureau an American with a high school diploma will earn, on average, just over 28k a year. With a bachelors degree the amount increases to over 51k and a masters degree can expect to make 78k.