With the average cost of college steadily rising every year, many people may wonder if the hefty price tag is still worth it. Will you get a return on your investment if you put in all the time, effort, and money? As much of the research still shows, in most cases, going to college will still pay off in the long run. Average Cost of Tuition Typical costs vary widely by type of institution. According to the College Board, the average cost of college tuition and fees (which may include the library, campus transportation, student government, and athletic facilities) for the 2020-2021 school year was $37,650 at private colleges, $10,560 for state residents at public colleges, and $27,020 for out-of-state residents attending public universities. 1 These numbers do not include housing, meals, textbooks, or school supplies which could easily tack on another $10,000 to $18,000 a year. Multiply those numbers by four years of college, and you are looking at a hefty college bill. It’s no wonde
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