College Board Releases 2018-2019 College Cost Data

The College Board has released college cost data for the 2018-2019 school year in its annual Trends in College Pricing report. Here are the highlights:

4-Year Public Colleges (in-state students):

  • Tuition and fees increased an average of 2.5% to $10,230
  • Room and board increased an average of 3.1% to $11,140
  • *Total average cost for 2018-2019: $25,890 ($25,290 in 2017-2018)

4-Year Public Colleges (out-of-state students):

  • Tuition and fees increased an average of 2.4% to $26,290
  • Room and board increased an average of 3.1% to $11,140
  • *Total average cost for 2018-2019: $41,950 ($40,940 in 2017-2018)

4-Year Private colleges:

  • Tuition and fees increased an average of 3.3% to $35,830
  • Room and board increased an average of 3.2% to $12,680
  • *Total average cost for 2018-2019: $52,500 ($50,900 in 2017-2018)

* Total average cost includes direct billed costs for tuition, fees, room and board, plus a given sum for books, transportation, and personal expenses, which will vary by student.

College is a major financial investment. If you have clients with children nearing college, you can help them estimate what their out-of-pocket costs might be at different colleges by using a net price calculator. Our concept video, which you can send to clients, describes how net price calculators work.

We’ll continue to pass along timely, relevant information–providing fresh and interesting ways for you to engage and motivate your clients.

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