Average Cost of College & Tuition

Report Highlights. The average cost of college* in the United States is $35,551 per student per year, including books, supplies, and daily living expenses.

  • The average cost of college has more-than doubled in the 21st century, with an annual growth rate of 6.8%.
  • The average in-state student attending a public 4-year institution spends $25,707 for one academic year.
  • The average cost of in-state tuition alone is $9,377; out-of-state tuition averages $27,091.
  • The average private, nonprofit university student spends a total of $54,501 per academic year, $37,641 of it on tuition and fees.
  • Considering student loan interest and loss of income, the ultimate cost of a bachelor’s degree can exceed $500,000.

*In this context, college refers to any 4-year postsecondary institution that offers an undergraduate degree program; this is the average cost to first-time, full-time undergraduates.

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Annual Cost of College, Public
Institution Type Cost of Tuition Cost of Attendance**
4-Year In-State $9,377 $25,707
4-Year Out-of-State $27,091 $43,421
2-Year In-State $3,501 $15,862
Annual Cost of College, Private
Institution Type Cost of Tuition Cost of Attendance**
4-Year Nonprofit $37,641 $54,501
4-Year For-profit $18,244 $33,528
2-Year Nonprofit $17,968 $33,270
2-Year For-profit $15,765 $27,246

**Cost of Attendance does not account for potential lost income nor student loan interest.

Related reports include Student Loan Debt Statistics | Average Cost of Community College | How Do People Pay for College? | Student Loan Refinancing

Average Total Cost of College

The cost of attendance (COA) refers to the total cost of tuition and fees, books and supplies, as well as room and board for those students living on campus. COA does not include transportation costs, daily living expenses, student loan interest, etc.

  • The average cost of attendance for a student living on campus at a public 4-year in-state institution is $25,707 per year or $102,828 over 4 years.
  • Out-of-state students pay $43,421 per year or $173,684 over 4 years.
  • Private, nonprofit university students pay $54,501 per year or $218,004 over 4 years.
  • While 4 years is the traditional period to earn a bachelor’s degree, just 38.9% of bachelor’s degree-seeking students graduate within that time.
  • 96.6% of confirmed bachelor’s degree earners graduate within 6 years; the 6-year average cost of attendance is $213,306.
  • Students unable to work full-time stand to lose a median annual income of $42,068.
  • Student borrowers pay an average of $2,186 in interest each year, and the average student borrower spends roughly 20 years paying off their loans.
  • Considering lost income and loan interest, the ultimate price of a bachelor’s degree may be as high as $509,434.
Total Cost of a Degree, Public
Institution Type Total Cost of Tuition Total Cost of Degree†
4-Year In-State $37,508 $102,828
4-Year Out-of-State $108,364 $173,684
2-Year In-State $7,002 $31,724
Total Cost of a Degree, Private
Institution Type Total Cost of Tuition Total Cost of Degree†
4-Year Nonprofit $159,564 $218,004
4-Year For-profit $72,976 $134,112
2-Year Nonprofit $35,936 $66,540
2-Year For-profit $31,530 $54,492

Total Cost of Attendance does not account for potential lost income nor student loan interest.

Line Graph: Historical Cost of Tuition and Fees, selected years from 1970 to 2020

Average Cost of Tuition

Tuition and fees make up the bulk of most college students’ educational expenses.

  • The average cost of tuition at any 4-year institution is $19,020 or 53.5% of college costs.
  • At public 4-year institutions, the average in-state tuition and required fees total $9,377 per year or 36.5% of the cost of attendance.
  • Public 4-year out-of-state tuition and fees average $27,091 or 62.4% of college costs.
  • Among private 4-year institutions, the average tuition and fees at a nonprofit college total $37,641 annually, which is equivalent to 69.1% of a student’s college costs.
  • At for-profit institutions, tuition and fees average $18,244 annually, which is equivalent to 54.4% of the cost of attendance.
  • The average cost of tuition and fees at any 2-year institution is $4,289 or 26.0% of the cost of attendance.
  • At public 2-year institutions, or community colleges, in-district tuition and fees average $3,862 annually, which is equivalent to 24.3% of the cost of attendance.
  • Also at public institutions, out-of-state students pay an average of $8,256, which is equivalent to 40.6% of the cost of attendance.
  • At private 2-year institutions, students pay $17,968 in annual tuition and fees to attend nonprofit schools; tuition is 54.0% of the cost of attendance.
  • Private, for-profit 2-year colleges charge $15,765, which is 57.9% of the cost of attendance.

Line Graph: Historical Costs of Tuition & Fees, Room & Board, selected years from 1970-71 to 2020-21

Historical Average Cost of Tuition

The cost of tuition has increased significantly over the last 40 years even after adjusting for inflation. See our report on College Tuition Inflation to learn more.

  • In 1963, the annual cost of tuition at a 4-year public college was $243, which had the same buying power as $2,345.39 in 2022’s second fiscal quarter currency values.
  • Adjusting for inflation, the cost of tuition increased 355.1% from 1963 to 2020.
  • Between 2010-11 and 2020-21, before adjusting for inflation, the average tuition increased 11.4% at 2-year colleges.
  • During the same period, the average tuition increased 30.9% at public 4-year institutions and 41.3% at private, nonprofit 4-year institutions.
  • From 2000 to 2020, tuition inflation outpaced wage inflation 86.4%.
  • In 1963, the cost of a 4-year-degree was $972.‡
  • In 1989, the same degree cost $7,120.‡
  • As of the 2020-21 academic year, $102,828 is the price of a bachelor’s degree.‡

Tuition cost, assuming an in-state public institution attendee completes their bachelor’s degree program in 4 years.

Average Cost of Books & Supplies

Some programs require more expensive materials than others, so the cost of books and supplies varies widely. See our report on the Average Cost of College Textbooks for more.

  • At public 4-year institutions, students pay an average of $1,230 annually on books and supplies.
  • Books and supplies at private, non-profit institutions average $1,228; at private, for-profit institutions, the average cost is $1,065.
  • At public 2-year institutions, students pay an average of $1,471 each year for books and supplies.
  • At private, nonprofit institutions, books and supplies average $958; at private, for-profit 2-year colleges, the average cost is $1,441.

Average Cost of Room & Board

The determining factor in the cost of room and board is whether the student lives on or off campus.

  • At 4-year institutions, the cost of room and board ranges from $8,556 to $12,870.
  • At public 4-year institutions, students living on campus pay an average of $11,557 annually for room and board; off-campus boarders pay $10,941.
  • At private, nonprofit institutions, on-campus boarders pay an average of $12,857 per academic year; students living off campus pay $10,429.
  • At private, for-profit institutions, on-campus room and board averages $9,092; students living off campus pay an average of $8,556.
  • There is wider variation in room and board costs at 2-year institutions, with costs ranging from $7,111 to $11,804.
  • At public 2-year institutions, students living on campus pay an average of $7,111 for their annual room and board; students living off campus pay $9,902.
  • At private, nonprofit 2-year colleges, on-campus boarders pay $11,804 annually; off-campus boarders pay $9,558.
  • Private, for-profit institutions charge $8,910 on average for room and board; students living off campus pay $8,468.
Most Expensive 4-Year Private Nonprofit Universities
Institution Location Tuition
Columbia University in the City of New York New York, NY $61,671
Bard College at Simon’s Rock Great Barrington, MA $61,169
Franklin and Marshall College Lancaster, PA $61,062
Vassar College Poughkeepsie, NY $60,930
Amherst College Amherst, MA $60,890
Colorado College Colorado Springs, CO $60,864
Tufts University Medford, MA $60,862
Brown University Providence, RI $60,696
Reed College Portland, OR $60,620
University of Chicago Chicago, IL $60,552

Average Additional Expenses

Necessary living expenses, such as transportation, personal care, and entertainment, may be included in the final total cost of college attendance. These expenses vary according to the local economy as well as the student’s housing status.

  • Most tallies of college costs neglect to include the price of SAT prep courses, the most expensive of which can cost $5,000 or more.
  • Additional expenses at 4-year institutions range from $2,774 to $5,294.
  • Students living on campus at a public 4-year institution pay an average of $3,543 in additional annual expenses.
  • Students who live off campus may expect to pay $4,451 if they do not live with family; for students living with family, additional expenses average $4,342.
  • At private, nonprofit 4-year institutions, students living on campus spend an average of $2,774 on additional expenses.
  • Students living off campus alone or with nonfamily members spend $5,294 on additional living expenses; those living off campus with family spend $4,295.
  • At private, for-profit institutions, additional expenses average $5,126 for students living on campus.
  • Students who live off campus spend an average of $4,622; those who live off campus with family spend $4,635.
  • At 2-year institutions, additional expenses average between $1,130 and $5,023.
  • Students living on campus at a public 2-year institution pay an average of $3,419 in additional annual expenses.
  • Students living off campus pay $4,333 in additional expenses; students living off campus with family have an average of $4,342 in annual expenses.
  • Students living on campus at 2-year private, nonprofit institutions pay an average of $2,541 in additional annual expenses.
  • Students living off campus alone or with nonfamily members spend $4,816, while students living off campus with family members spend $4,572.
  • Students at private, for-profit 2-year institutions spend an average of $1,130 on additional expenses if they live on campus.
  • Students living off campus spend $5,023 if they do not live with family members; students who live off campus with family spend an average of $4,190.
Most Affordable 4-Year Private Nonprofit Universities
Institution Location Tuition
Curtis Institute of Music Philadelphia, PA $3,015
Grace Mission University Fullerton, CA $3,120
Sioux Falls Seminary Sioux Falls, SD $3,600
Universidad Pentecostal Mizpa Rio Piedras, PR $4,220
United Tribes Technical College Bismarck, ND $4,252
Brigham Young University-Idaho Rexburg, ID $4,300
Pacific Bible College Medford, OR $4,370
Huntsville Bible College Huntsville, AL $4,560
Universidad Ana G. Mendez-Online Campus San Juan, PR $5,080
Shiloh University Kalona, IA $5,250

Average Cost of Lost Income

One of the largest expenses for students enrolled in college may be the loss of potential income in time spent studying instead of working.

  • The median weekly income for a high school graduate is $809, or $42,068 per year.
  • In four (4) years, the average worker with a high school diploma earns $168,272.
  • The unemployment rate among high school graduates is 6.2%, which is 77.1% higher than the unemployment rate among bachelor’s degree holders.
  • The unemployment rate among high school graduates is 25.3% lower than unemployment among workers who did not complete high school.
  • Among individuals aged 16 years and older, 18- and 19-year-olds have the highest unemployment rate by 5.22%.

Food Insecurity Among College Students on Education Data Initiative

Average Cost of Borrowing for College

Most students borrow money to attend college, later repaying the principal plus interest. All of these compound the longer the student is in school.

  • The average federal student loan debt is $37,667.
  • In one year, 31.8% of students borrow money to pay for college.
  • The average student borrows more than $30,000 to attend school.

See our reports on Student Loan Debt and How to Pay for College to learn more.

U.S. Map, Average Tuition at Public Universities

Average College Costs by State

The average cost of in-state tuition and fees varies state-to-state and year-to-year. The range of difference is over $12,600.

  • The most expensive public schools are in the Northeast, in and around what is traditionally called New England.
  • Many of the most expensive private schools are also in this region.
  • The average tuition among the 10 most expensive states for public university is $14,583.
  • The least expensive schools are in the South and Plains regions; the least expensive private schools are also predominantly in the South.
  • The average tuition among the states with the most reasonably priced public universities is $6,392.

For more information, see our report on the Average Cost of College by State.

Most to Least Expensive In-State Public University Costs
State Tuition & Fees Tuition + Room & Board
Vermont $17,593 $30,752
New Hampshire $16,749 $29,222
Illinois $14,579 $26,252
Pennsylvania $14,532 $26,040
Connecticut $14,487 $28,425
New Jersey $14,184 $28,335
Massachusetts $13,939 $28,317
Virginia $13,931 $25,761
Michigan $13,716 $24,777
Rhode Island $13,697 $26,946
South Carolina $12,544 $23,181
Minnesota $11,836 $21,858
Oregon $11,537 $24,517
Arizona $11,410 $24,681
Delaware $11,343 $24,862
Kentucky $10,976 $22,317
Alabama $10,617 $20,993
Maine $10,377 $20,677
Tennessee $10,271 $20,639
Hawaii $10,197 $22,012
Ohio $10,049 $22,860
Indiana $9,656 $20,572
Louisiana $9,656 $20,031
Maryland $9,401 $22,380
National Average $9,375 $21,337
Iowa $9,373 $19,788
Missouri $9,310 $19,394
Colorado $9,269 $22,288
Kansas $9,081 $19,082
North Dakota $9,065 $18,057
South Dakota $9,012 $17,177
Alaska $8,849 $22,185
Wisconsin $8,782 $17,875
Nebraska $8,761 $19,352
Mississippi $8,642 $19,221
Arkansas $8,468 $18,262
New York $8,416 $24,231
California $8,401 $24,015
West Virginia $8,252 $19,312
Oklahoma $8,064 $17,283
Texas $8,016 $18,325
Georgia $7,525 $18,711
Washington $7,485 $21,027
Idaho $7,482 $16,518
New Mexico $7,393 $17,113
North Carolina $7,260 $17,113
Montana $6,993 $16,931
Utah $6,764 $14,653
Nevada $6,434 $18,065
District of Columbia $6,152 Unavailable
Wyoming $4,785 $14,584
Florida $4,541 $15,543

Cost of College to Taxpayers

Most public institutions receive funding from state and local governments. Colleges also receive federal funding through financial aid to students.

  • Federal grants and contracts provide public postsecondary institutions 7.76% of their revenue.
  • 4-year public institutions receive 8.47% of their revenue from federal contracts.
  • Federal grants and contracts pay for 3.00% of 2-year public institutions’ revenue.
  • States governments fund an average 2.27% of public postsecondary revenue.
  • 19.5% of revenue comes from tuition, some of which is federally subsidized.

For more on education spending, see our report on U.S. Public Education Spending.

Analysis: Room and Board On and Off Campus

Living expenses are the second-largest cost of college after tuition and fees. Whether it is less expensive to live on or off campus depends on local rental markets. Colleges do not always accurately represent off-campus living costs, either.

Stanford University lists average local rent prices from 2018 on its student housing web site. According to Stanford, one year in a shared 2-bedroom apartment within the San Francisco-San Jose urban sprawl would cost each student between $19,200 and $22,770. An average apartment located midway between the two cities, however, could cost as much as $27,762 for a 12-month shared lease. Room and board on campus costs between $10,827 and $13,716 for an academic year.

The University of California-Berkeley, meanwhile, estimates that students pay up to 12% more living in an on-campus residence hall than they do in an off-campus apartment. This estimate, however, makes a number of assumptions regarding personal expenses, including health insurance, and the average local rent. UC estimates students pay roughly $20,000 for apartment rental, whereas the annual cost on a shared 2-bedroom may be closer to $23,750 each.

Such discrepancies can make budgeting difficult. Furthermore, other expenses that add to the cost of living vary from market to market. Groceries purchased in Iowa are much less expensive than groceries in Manhattan’s Lower East Side. Students may be able to temporarily reduce their cost of living using financial aid. Using student loans for living expenses, however, ultimately increases the student’s loan debt, including interest.

  • 60% of college students have experienced base needs insecurity, meaning they are at risk of homelessness, hunger, or reduced access to basic needs.
  • In Fall 2020, 29% of students at 4-year colleges experienced food insecurity within the previous 30 days.
  • Among students at 2-year colleges, 39% reported experiencing food insecurity within the last 30 days.
  • 14% of college students report experiencing homelessness in a year.
  • 48% of college students experience housing insecurity in one year.
  • 34% of students applied for emergency aid in Fall 2020; 94% of them received some form of aid.

Sources

  1. NCES, Integrated Postsecondary Education Data System (IPEDS)
  2. National Center for Education Statistics (NCES), Digest of Education Statistics
  3. U.S. Bureau of Labor Statistics (BLS), Career Outlook
  4. New America, In the Interest of Few
  5. Forbes, Private Student Loan Interest Rates
  6. CNBC, This is The Average Age When People Finally Pay Off Their Student Loans for Good
  7. One Wisconsin Now, Twenty to Life: Higher Education Turning into Multi-Decade Debt Sentence
  8. BLS, Consumer Price Index Inflation Calculator
  9. Social Security Administration, National Average Wage Index
  10. U.S. Department of Education (ED), College Affordability and Transparency Center
  11. Stanford University, Community Housing: Housing Types and Costs
  12. PayScale, Cost of Living Calculator
  13. University of California – Berkeley, Student Budgets (Cost of Attendance)
  14. The Hope Center, Hope for College: National Reports
  15. BLS, Labor Force Statistics from the Current Population Survey
  16. ED Office of Federal Student Aid, Federal Student Loan Portfolio