Making Sense of Cents and College Ave Student Loans have partnered on a series of blog posts on what to expect when it comes to planning for college…especially when it comes to time to pay. Through the series, we hope families gain a little more insight on how to tackle the next four or more years ahead with a stronger financial footing. All opinions are 100% my own. To learn more, please visit: https://www.collegeavestudentloans.com.
College costs are one of the largest “purchases” a person will ever make. The other big purchase would most likely be a house that a person buys. However, sometimes a house may cost LESS than a college degree!
The cost of college can vary significantly, as you can see. Tuition for an in-state public college averages around $28,000 and a more expensive private college tuition is double that amount at an average of $59,000. For a four year elite university, the cost jumps to $68,000. Lastly, if your child (or you) is enrolled in higher education for something like medicine or law, college costs may reach hundreds of thousands of dollars over the years. [Read more…]