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College Board Releases New College Cost Figures

November 5, 2011

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.

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