Average Cost of College: Tuition & Fees

How Families Pay for College

Average Cost of College: Tuition & Fees

For a 4-Year Institution1

PRIVATE SCHOOL

$35,676

PUBLIC SCHOOL

(OUT-OF-STATE)

$21,629

PUBLIC SCHOOL

(IN-STATE)

$9,716

Coast-to-Coast: The 3 Most Expensive Schools in the U.S.?

1.

Harvey Mudd College Claremont, CA

$75,003 annually

2.

3.

University of Chicago Chicago, IL

$74,580 annually

Columbia University New York City, NY

$74,001 annually

How Students Finance Their Education

We surveyed students to find out how they're financing their education. From that group:

12% Private Student Loans 37% Student Income/Savings 43% Federal Student Loans 50% Parent Income/Savings 64% Scholarships & Grants

COMMUNICATIONS

COMPUTER SCIENCE

English Language & Literature

BUSINESS

Most students use scholarships to pay for their education. And many students use a variety of loans, scholarships, savings, and grants to finance their education.

Types of Aid Students Received

77%

of students surveyed received

SCHOLARSHIPS

59%

of students surveyed received

GRANTS

Based on merit (grades or athletic, artistic, or leadership skills.)

Based on financial need.

Nearly one-quarter of students received $15k or more in merit aid.

COLLEGE

13% 31% 23% 11%

Don't remember

Less than $5k

$5k-$10k

$10k-$15k

AMOUNT OF MERIT AID STUDENTS RECEIVED

22%

$15k or more

Costs Parents Help Their Students Cover

72%

Pay Their Child's Phone Bill

65%

Cover Health Insurance Costs

COMMUNICATIONS

COMPUTER SCIENCE

English Language & Literature

BUSINESS

62%

Cover the Total Cost of College

Parents are most likely to foot the phone bill.

$$$

39%

Give A Monthly Allowance

of $100 or More

More than half of students pay their own loans.

33.5%

of students expect their parents to help pay a portion of their loans

55%

of students will pay back their loans on their own

4%

of students will split the bill with their parents

7.5%

of students expect their parents to pay most or all of their loans

Graduate School

54% 61% PLAN TO ATTEND GRADUATE SCHOOL

OF WHOM PLAN TO ATTEND IMMEDIATELY AFTER GRADUATION

How Graduate Students Cover Their Costs

FAFSA

log in

Family

Savings

65%

Scholarships or Grants

62% Personal Savings/Income

45% Federal Graduate Student Loans

25%

Research or Teaching

Assistantships

23% Parents' Savings/Income

Parents less likely to pay for graduate school as compared to undergrad.

A Better Student Loan Experience.



The College Ave Student Loans survey was conducted by Barnes & Noble College InsightsSM. The national online survey had 1,019 undergraduate student respondents who attend one of the 777 campuses served by Barnes & Noble College and was fielded in April 2019. 1 U.S. News & World Report - education/best-colleges/paying-for-college/articles/paying-for-college-infographic 2 Statista -

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