Tag Archives: Education

College costs increase!

The College Board has released college cost figures for the 2014/2015 academic year in its annual Trends in College Pricing report. Here are the highlights:

Public colleges (in-state students):

  • Tuition and fees increased an average of 2.9% to $9,139
  • Room and board increased an average of 3.2% to $9,804
  • Total average cost* for 2014/2015: $23,410 ($22,826 in 2013/2014)

Public colleges (out-of-state students):

  • Tuition and fees increased an average of 3.3% to $22,958
  • Room and board increased an average of 3.2% to $9,804
  • Total average cost* for 2014/2015: $37,229 ($36,136 in 2013/2014)

Private colleges:

  • Tuition and fees increased an average of 3.7% to $31,231
  • Room and board increased an average of 3.4% to $11,188
  • Total average cost* for 2014/2015: $46,272 ($44,750 in 2013/2014)

*”Total average cost” includes tuition and fees, room and board, and a sum for books, transportation, and personal expenses.