Most Expensive Dorms 2010-2011

Room and board prices increased 4.6% at public and 3.9% at private colleges in 2010-2011. With average costs of $8,535 and $9,700 (respectively) it’s clear that room and board is a big part of college costs.

This is a cost that is often overlooked, with tuition prices getting much of the attention. The example we like to use is with New York University, who has the 42nd highest tuition, but when factoring in room and board they become the 2nd most expensive college.

Most of the dorms on this list are found in the urban areas of New York, Boston, and along the California coast. Only 4 of the top 20 are located outside the states of California and New York.

Most Expensive College Dorms for 2010-2011

Where do colleges spend their money?

While it seems like more and more colleges are spending lavishly to increase their prestige (this can be seen in the luxury dorms going up on campuses), it would be nice to know where all this tuition money is going.

Every college obviously spends money differently, but here we will take a look at the averages for public and private institutions. Spending for public and private 4-year institutions has increased steadily over the past 10 years, with student tuition covering significantly more of the educational costs over that period.

How Colleges Spend Their Money

Most Expensive Colleges for 2010-2011

This year saw many increases in tuition prices, some even drawing protests and near riots. There are many reasons for these increases, but it is mostly blamed on reduced state appropriations, higher health care costs, and increased utility costs.

The demand for college increases during a recession as those who can’t find work go back to school. Easy access to student aid further increases the demand for higher education, and the price sure shows it.

You will notice all the schools on this list are private. Public schools are more affordable but it should be noted they are climbing in price faster than private schools. Public 4-year in-state schools increased by 46.1% from 2000-2001 to 2009-2010, while private not-for-profit schools increased 30.8% over the same period.

Just looking at Tuition and Room & Board numbers, an additional 48 colleges passed the $50k mark this year, bringing the total to 82. As far as tuition, 43 colleges now charge over $40,000/year, compared to just 11 last year.

Most Expensive Colleges for 2010-2011

Students showing increased support for Marijuana Legalization

Over the last five years, surveys have shown that an increasing number of college students believe that marijuana should be legalized. Students were surveyed in 2004 and 2009 with results showing an increase from 37.2% to 45.6% for those in favor of marijuana legalization.

One of the more active student groups supporting legalization is Students for Sensible Drug Policy. Students for Sensible Drug Policy is “an international grassroots network of students who are concerned about the impact drug abuse has on our communities, but who also know that the War on Drugs is failing our generation and our society”.

Students for Sensible Drug Policy have joined in a movement across college campuses in support of Proposition 19, California's legalization measure to be voted on in November. The aim of the challenge is to collect signatures in support of the legalization of marijuana which will later be sent to the President to let him know how popular the issue is among students. More than 1,000 college chapters are participating.

Students Support Marijuana Legalization

Top Community Colleges

As more and more students are turning to community colleges to fulfill their higher education goals, students are seeing that learning in a smaller campus atmosphere they can get prompt feedback and better access to instructors.

Students are enrolling in community colleges for a number of reasons: the lower cost, the close location to home, and those recently unemployed are looking to gain new skills for the job market.

Nearly half of all American students begin their college careers at two-year institutions. There are about 1,200 community colleges nationwide educating approximately 12 million students.

Best Community Colleges

Gambling your way into College

As if getting into college (and paying for it) wasn’t hard enough, the state of Illinois wants citizens to risk their hard earned dollars in a lottery for college tuition. The new "Cash 4 College" game is a $2 scratch-off ticket that offers full college tuition payments for five top winners. Winners will get to choose from a number of colleges nationwide.

College Lotteries