On October 25, 2011, the College Board released college cost figures for the 2011/2012 academic year in its annual Trends in College Pricing report.
To view the Trends in College Pricing 2011 report, click here. Here are the highlights:
Public colleges (in-state students):
- Tuition and fees increased an average of 8.3% to $8,244
- Room and board increased an average of 4.0% to $8,887
- Total average cost* for 2011/2012: $21,447
Public colleges (out-of-state students):
- Tuition and fees increased an average of 5.7% to $20,770
- Room and board increased an average of 4.0% to $8,887
- Total average cost* for 2011/2012: $33,973
Private colleges:
- Tuition and fees increased an average of 4.5% to $28,500
- Room and board increased an average of 3.9% to $10,089
- Total average cost* for 2011/2012: $42,224
*”Total average cost” includes tuition and fees, room and board, books and supplies, transportation, and other miscellaneous costs.
The report also noted that full-time undergraduate students received an estimated average of approximately $5,750 in grant aid (from all sources) and federal tax benefits at public colleges and $15,530 at private colleges.
The following information is reprinted with permission from Forefield, Inc. Copyright 2006-2011.