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When comparing college costs, don’t stop at the published tuition and fees.
For example, Princeton University had a sticker price of $57,410 for tuition and fees in the 2022-2023 school year, but the average cost per student receiving needs-based grants was only $17,464.
A student attending a private four year university has an average yearly cost of $49,870. These costs factor in tuition, housing, food, university fees, and supplies such as textbooks, manuals, and uniforms. Two year public universities, such as a community college, factor in tuition and fees, and have an average yearly cost of $3,730.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
University of Phoenix has been the largest recipient of federal G.I. Bill tuition benefits [31] and the largest for-profit recipient by Pell Grant assistance funding. [ 32 ] In 2009, the Department of Education produced a report claiming the untimely return of unearned Title IV funds for more than 10 percent of sampled students.
“At the Project on Predatory Student Lending, we represent more than one million student borrowers who were defrauded by for-profit schools...” | Opinion University of Phoenix has been bad for ...
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