These aren’t your parents’ college tuition costs. Yes, if you were fortunate enough to have parents who could afford to put you through college, they may literally have paid less than half of what it will cost you to send your kids through school. We’re about to take a closer look at the rising costs of college tuition as well as what you can do to help your kids get ahead without being in debt for life.
Average Tuition Costs from 20 Years Ago to Today
For students who graduated in 1997, here are the costs they could expect depending on the type of University they attended (according to US News and World Report):
- Public In-State – $3,168
- Public Out-of-State – $8,840
- Private – $16,233
Kids who graduated in 2017 were faced with these rates:
- Public In-State – $10,691
- Public Out-of-State – $26,010
- Private – $41,727
And we can only expect those prices to continue this upward trend. So what are parents and young graduates to do?
The College Funding Program from College Planning Source
At College Planning Source, we do more than just help kids get accepted at the University they want to attend. We also have a college funding program to help families get the financial aid they need. We help families to plan financially for college by considering topics such as figuring out the overall cost of attendance (which is more than just tuition), applying for scholarships and grants, understanding the financial aid process, and more! Get your child started on his or her journey today by calling 858.676.0700.