No two things are more stressful to a prospective college student than the question of getting accepted and determining if they can actually afford attending the school of their dreams. The cost of college is no joke, and is something we have tried to put a spotlight on since we started ranking expensive colleges back in 2007, as it is a troublesome debt many students will carry for years to come.
The list of the 100 most expensive colleges by total cost (tuition + room & board + required fees) are all private and range from $56,000 all the way up to $65,000 per year. This is a significant jump in price from the average private university cost of $42,419 and (obviously) the average cost of attending a public in-state college at $18,943.
With most of these schools surpassing the $60K per year mark, incoming students can expect to see a price tag of over a quarter-million dollars for their 4-year degree when expected yearly increases in tuition are taken into account. When you consider only about a third of students complete their degree within four years, you can see how students can really rack up student loan debt.
While the majority of these colleges offer great financial aid packages to those with need, it’s important to note there are still students who are paying these exuberant prices. At Duke University (#44 on this list), for example, about 50% of its students are paying the fully listed price of $60,533.
If you needed your holiday dinner table discussion topic, here it is: The 100 Most Expensive Colleges for 2014-2015.