College sticker prices can be misleading, as most students don't actually pay the advertised price due to financial aid.

College sticker prices can be misleading, as most students don't actually pay the advertised price due to financial aid.

The average cost for an in-state, public university is close to $30K per year

To cover the cost, students turn to a variety of sources. Parental contributions plus savings funds cover about half of the expenses on average, with students relying on other sources—typically federal aid, in the form of scholarships and loans—to cover the rest.

The average cost of college has doubled in the 21st century

Even for students attending in-state, public universities, the cost of attending college has risen dramatically, exceeding $27K with fees and living expenses per year.

See how the cost of college tuition has changed overtime

Since the middle of the 20th century, higher education has been viewed as a stepping stone to well-paying professional careers for millions of Americans. But, it can be costly. As of 2024, annual tuition currently ranges from around $10K for an in-state, four-year public university to almost $40K for private institutions.

Private K-12 schools rely on tuition; colleges rely on funding for research

Tuition, endowments, donors, and grants often fund private schools, allowing them to eschew national curriculum standards. Private colleges and universities also charge tuition, but often rely on federal funding for research.

Student loans weren't always so prevalent—decades of rising tuition and the 1965 Higher Education Act contributed to their proliferation.

Listen to a podcast episode about why college sticker prices are often misleading.

Student loans are typically just one part of a college student's overall financial package that will often include other categories as well, such as grants, scholarships, merit-based awards, and more.

Find out ways to get lower rates on private loans, such as applying with a cosigner.

Track how college tuition has changed over the years across different types of institutions

The dramatic rise in the cost of higher education has a number of causes, ranging from increased number of students to administrative expansion at institutions. Even when accounting for inflation, the cost to pursue a degree has tripled over the past six decades. See data from the National Center for Education Statistics breaking out costs by institution type and year.

The cost of college has more than tripled over the past five decades

Determining the all-in cost for each student’s specific circumstances can be tricky. But what is behind the rise in price? Analysts point to a number of factors—lack of transparency around cost, expansive government support, increased administrative burdens at schools, and more.

The most expensive private schools in the US

Private schools can offer students specialized education and one-of-a-kind opportunities, but those often come with a price, with some schools charging close to six figures. Check out this list of the four most expensive American private schools, which charge more than most four-year colleges.

College tuition has climbed 600% in 40 years

The cost of attending college has outpaced inflation in the US. Tuition has climbed more than 600% in the past 40 years; more than three times the inflation rate. Many students have racked up student loans to cover rising college costs, while others have chosen not to attend college altogether.

Where colleges get their money, visualized

If you're curious about how different colleges and universities generate their revenue, this National Center for Education Statistics webpage offers a clear visual breakdown. See how public, private nonprofit, and for-profit institutions fund their operations, highlighting the differences between funding sources depending on the type of institution.

US public K-12 spending topped $857B in 2024

Public K-12 schools spent around $857B in 2024, averaging $17,277 per student. State and local sources shouldered nearly 90% of costs, and federal funds provided about $2,400 per pupil.

Fewer middle-class students now attend private schools

Stanford professor Sean Reardon says there are two primary reasons behind this trend. The first is that many parochial schools, which tend to offer more affordable tuition, have closed. The second is that tuition for the remaining private schools has outpaced middle-class salaries.

College budgets, explained

In this episode of the FutureU podcast, higher education experts Jeff Selingo and Michael Horn explore why so many colleges seem to be struggling financially. Hear how college budgets actually work, and why so many are unsustainable. It’s a crash course in revenue, expenses, and the big shifts schools need to make to survive.

College football generates over $13B annually—but many programs run at a loss.

America's top 100 universities, ranked by tuition​.

What school has the highest tuition in America? From Columbia to Ohio State, we rank college tuition across the top schools in the country.

Private school demographics in the US

Private school is a costly alternative to public school. As a result, there are numerous demographic differences between public and private school attendees, typically tied to income level. This source presents the latest statistics about private school attendance, as well as a searchable database to see the differences for schools near you.

Use this student loan calculator to estimate monthly student loan payments.

Explore a college affordability and transparency guide

From the US Department of Education, this portal provides everything you need to evaluate colleges. The college scorecard provides handy data on every school, from graduation rates to annual average earnings out of school, while the net cost calculator directs you to each school's calculator that allows you to estimate the cost of college based on your unique circumstances.

See a comprehensive list of every type of currently available federal student loan, from Direct Subsidized Loans to Parent PLUS loans.

Use this college navigator tool to make informed decisions about college options

Balancing the benefits and costs of higher education on a school-by-school basis can be overwhelming. This database from the National Center for Education Statistics provides an easily searchable database with comprehensive information on costs, student aid, outcomes for alumni, retention rates, and much more.

Approximately 10% of American K-12 students are enrolled in private schools.

Private schools are generally smaller than public schools

As of 2021, 44% of private schools enrolled fewer than 300 students. By comparison, over 60% of public schools enroll more than 500 students.

Some educators argue society's obsession with colleges at the top of rankings has hurt the US higher education ecosystem

Why are "good colleges" often the ones that accept the fewest students? Speaker Cecilia Orphan argues that society's obsession with colleges that are often private, expensive, and that reject applicants with high frequency has done harm. Instead, she argues, we should focus on regional public universities that meet the needs of students in a cost-achievable manner.

Is college worth it?

Higher education has long been viewed as a stepping stone to more stable and higher-paying careers. Estimates suggest a college degree nearly triples average lifetime earnings. But the perception of value is different—only 22% of Americans say college is worth taking out loans for.

While only a quarter of all student loan borrowers attended graduate school, graduate school borrowers account for half of all outstanding student loan debt.

What exactly is college for?

The rising cost of college has many of us wondering, what exactly is a college education for, anyways? This "Freakonomics" podcast episode breaks down how colleges operate like large businesses and try to differentiate their products from one another to win market share. To find out what the overwhelming higher education system is doing wrong (and what it gets right), listen here.

Flood insurance policies from the National Flood Insurance Program cost just over $1,100 per year on average

Private residential policies range from $600 to $2,800 per year. Taking steps to lower flood risk in your home, such as installing flood vents or elevating home utilities, can make premiums cheaper.

529 plans can affect college financial aid

Income affects FAFSA financial aid determinations. FAFSA also takes 529 college savings plans into account. The percentage of savings it uses in its calculations depends on who owns the account (parent, student, or someone else). Other schools use a program called CSS to determine financial aid, and those determinations vary.

Evaluating college endowment returns

According to a new study, US college and university endowments achieved an average net return of 11.2% in fiscal year 2024. Harvard University maintained its position as the largest endowment, valued at $53.2B. Read this Forbes article to learn more about how institutions manage and grow their financial resources through endowments.

The federal government uses the FAFSA form to determine students' eligibility for aid.

9 states still offer prepaid tuition plans

Prepaid tuition plans, a type of 529 plan that locks in tuition rates when opened, are only offered in nine states for new enrollment. In addition to the nine states’ plans, there’s also a national plan for a network of 300 private colleges.

More than half of student loan borrowers owed less than $25K in federally managed student debt as of 2024.

More than $100M in scholarships goes unclaimed each year

More than $50B in scholarships are awarded each year, though analysts estimate more than $100M goes unclaimed due to a lack of qualified applicants. That fact should be unsurprising given the dizzying number and criteria for thousands of applications. This portal from the US Department of Labor lets you quickly search more than 9,600 scholarship opportunities by program, eligibility criteria, and more.

State and local governments fund very different services

Local governments allocate 39% of their spending to K-12 education, while states allocate less than 1% directly—although much of local education funding actually comes from state and federal grants to local communities. States instead allocate their budgets to public welfare and health programs (45%) and higher education (15%).

Reasons the wealthy like to give to universities

Every year, higher education receives the lion’s share of philanthropy for key reasons. Universities have huge budgets and can handle big sums. They also oversee a broad range of initiatives tailored to an individual’s goals, and are particularly credible institutions with long track records and strong brands.

How universities manage their endowments

The CNBC video report explores how elite universities like Harvard handle their massive endowments, the ethical debates around their investments, and the tension between growing wealth and rising college costs. If you’re curious about where billions of dollars in higher education go, why tuition remains high despite huge endowments, or how student activism is pushing for ethical investing, this video offers a revealing, accessible look at the financial engines behind America’s top colleges.

Economists warn that private schools can negatively affect public schools

Lower public school enrollment often means less public school funding. Private school parents, however, frequently argue that public schools simply aren't offering the right education for their children. This podcast episode investigates that back-and-forth in San Francisco, where 30% of children attend private schools, nearly three times the national figure.

Just 7% of student loan borrowers account for 40% of outstanding student loan debt

Most student loan debt went to support graduate studies. Total student loan debt in the US is more than $1.6T. Downloadable tables show the raw data behind federal student aid.

In recent years, many private schools have seen enrollment increase

The pandemic realigned schools’ demographics, with steady enrollment increases reported since 2020. In school years 2023 to 2024 and 2024 to 20225, 40% of private schools saw enrollments increase, though the overall trend appears to be slowing.

Some Ivy Leagues are worth billions of dollars, managing massive endowments to support their operations and investing donations for long-term growth rather than spending them.

School choice allows families to use public funds for private education

Some private school advocates support school choice, a broad policy that provides families with public money (sometimes called “vouchers”) to spend on private education, including religiously affiliated schools.

15 states offer school voucher programs, serving nearly 350,000 students

Voucher programs direct public K–12 funding to families in the form of tuition grants for private schools and are typically targeted to low-income or special-needs students.

The federal government offers billions in student aid each year in the form of scholarships, grants, loans, and more

The very first—and necessary—step is to fill out a federal application to get your information into the system. Known as the Free Application for Federal Student Aid, or FAFSA, this key form must be completed by Oct. 1 for the following academic year.

Private schools don’t inherently boost student performance

High test scores in private schools often reflect affluent, selective student bodies—not superior instruction. Studies show that private school advantages stem largely from socioeconomic factors and admission policies, not institutional quality.

There are two main types of 529 plans

One type of 529 plan, prepaid tuition plans, can only be used to pay for tuition. The other type, college savings plans, can also be used to pay for related education expenses, including room and board. One key advantage of a prepaid tuition plan is that it locks in tuition prices. Both types have limited options for non-educational uses.

For-profit schools are not beholden to educational missions

While many private schools are nonprofit organizations, beholden to their missions and boards, some are for-profit entities owned by private individuals or corporations. In some cases, these institutions offer substandard courses and award unaccredited degrees.