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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. The average tuition and fees for for-profit institutions were 14,600. [1]
The College Board reported that for the 2007-2008 academic year an average student spent an estimated $805 to $1,229 on college books and supplies. Making high quality open textbooks freely available to the general public could significantly lower college textbook costs and increase accessibility to such education materials.
There is a misconception that there was no similar increase in financial aid to help cover the costs of tuition. This is incorrect. In 1965, $558 million was available for financial aid. In 2005 more than $129 billion was available. As college costs have risen, so has the amount of money available to finance a college education.
During the 2023-24 academic year, full-time resident students at public four-year colleges paid an average of $11,260 in tuition and fees, while non-resident students paid an average of $29,150.
The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.
Tuition for the typical public four-year college was roughly $22,000 annually during the 2022-23 academic year, while private nonprofit four-year colleges cost $53,000 per year, according to the ...