What College Costs
Despite the rising cost of education, as described below, statistics show the investment for a college education is well worth it as you can see in College: An Investment in Yourself.
Tuition and Fees
The Real Cost of College
What’s Next
Tuition and fees for four-year colleges have more than doubled over the past 30 years. Private colleges and universities have seen an increase from just under $14,000 in 1994 to more than $20,000 in 2005; public colleges and universities are up to $5,132 per year.
*Source: The College Board: National Average Student Expenses, 2003-2004
Tuition is just the beginning. Room and board costs have risen an average 21% over the last 10 years and there are many additional costs to be considered.
| The Real Cost of College | |||
| Tuition: | $2,076 | $20,082 | $5,132 |
| Additional Out-of-District State Charges: | N/A | N/A | $7,291 |
| Books & Supplies: | $773 | $870 | $853 |
| Room & Board: | $5,747 | $6,617 | $6,222 |
| Transportation: | $1,146 | $1,031 | $1,109 |
| Other Expenses: | $1,608 | $1,524 | $1,659 |
| Total: | $11,350 | $30,124 | $22,266 |
*Source: Annual Survey of Colleges, The College Board, New York, NY, 2004-2005 (Enrollment-Weighted)
While higher education may seem costly, it is a worthwhile investment, as you can see in College: An Investment in Yourself. Citibank is committed to helping you finance the school of your choice. There are many options available. Find out more in Financial Aid Options.
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