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College Costs, Tuition Are Higher Than Ever, Here’s How Families Are Paying The Tab

Columbia University

From CNBC.com…

In the wake of the pandemic, many families are taking a hard look at college and whether it is worth the high cost.

Tuition and fees plus room and board for a four-year private college averaged $50,770 in the 2020-21 school year; at four-year, in-state public colleges, it was $22,180, according to the College Board, which tracks trends in college pricing and student aid.

When adding in other expenses, the total tab can be more than $70,000 a year for undergraduates at some private colleges or even out-of-state students attending four-year public schools.

Yet few students and their parents pay the full amount.

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