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 spring comes nice weather...and announcements of tuition increases.
Many colleges have announced their tuition charges for next year and it has some students seeing a near 10% increase in costs.
As more schools cross the $50,000/year mark, it's easy to see how the cost of higher education is getting out of hand. With tuition increases that continue to outpace inflation, it's only going to get worse. (It will be interesting to see next year's ranking of most expensive colleges.
Stories of college tuition increases can be found in newspapers and local news broadcasts all across the country. Perhaps the most noticeable being the University of California System, who raised tuition 32% and experienced student outrage at many of its campuses.
Many schools are raising tuition because of lost funding from the state and to give faculty long overdue raises. Governors, College Presidents, Regents, and other University Officials have given multiple reasons as to why costs are going up. Here is a roundup of what officials had to say when questioned about tuition increases.