Start planning and saving today
In recent years, it's become easier than
ever to save for college. From new state savings programs to federal tax incentives
and education savings accounts, there are more ways to set aside money for college.
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College
Facts & Myths
- Nearly 70
percent of college students attend four-year colleges where tuition is less than
$8,000.
- The average cost (tuition
and fees) of a four-year public college or university is $3,754.
- The
average cost (tuition and fees) of a four-year private college or university is
$17,123.
- Know the difference
between cost and affordability
- It's
important to understand that very few students pay the full cost or "sticker
price" of a college. That's because most students receive some form of financial
aid.
- At four-year public
colleges and universities, more than 60 percent of full-time students receive
some type of financial aid.
- At
four-year private college and universities, more than 75 percent of students receive
some form of financial aid.
The U.S. Department
of Commerce reports that bachelor degree holders make 96% more than those with
only a high school education while MBA degree holders make 145% more.
Educate
yourself
- Worried about college costs? Use our College
Search or visit college Web sites to learn what the true costs are at the colleges
you are considering.
- Understand that college is an investment
- People
with a college degree earn 81 percent more on average than those with only a high
school diploma. Over a lifetime, the gap in earnings potential between a high
school diploma and a BA is more than $1,000,000.
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