Chart: What Does College Cost in 2014-15?

Descriptive chart showing the cost of college from a community college to a four-year private university broken out by tuition and fees, room and board, books and supplies, transportation and other expenses:

WE-AA855_COLLEG_9U_20150130130908

Important discussion points:

  • These are “sticker prices” for colleges; like many consumer goods, colleges discount, so one should focus more on “net costs (which account for financial aid)” vs. “sticker price.”
  • Regardless of what type of school you attend you will have significant living expenses (room and board), roughly $8,000 to $11,000 per year.
  • Plan on spending at least $1,000 on books; be sure to search out other low-cost alternatives.
  • Ask the students what the approximately $2,000 in “Other Expenses” might be.