How much does college usually cost?

How much does college usually cost?

WHAT EXPENSES CAN I EXPECT IN COLLEGE?

Going to college doesn’t just mean the cost of tuition that schools tell you up front. It’s a mix of many different things, all of which cost money. Your costs will change by where you choose to attend school and how much you spend on general expenses, but when you learn how much you’ll have to spend, you’ll be able to plan for the future more easily.

  • Tuition and fees: these are the basic costs for college that pay for your classes and related mandatory fees. Tuition and fees represent about 38% of the cost of college.is this updated?
  • Housing: these costs cover where you’ll live. This could include on- or off-campus housing, and takes up about 41% of the total you’ll spend on college, on average.
  • Books and supplies: you’ll need these for classes, but they aren’t included in your tuition and fees. These are going to be roughly 6% of your college costs.
  • Transportation and Other: you’ll also need to plan on the miscellaneous things you spend on regularly — clothes, travel and other things like that. This is estimated at about 15% of your total spending in college.
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Estimate Your Own College Costs

Your own costs while attending college will be unique to you, so it’s best to find out what you’ll have to pay to get a college education. With the College Scorecard, you can find out what you might expect to pay at colleges in Indiana – and beyond – by estimating your family’s income. The price you will see is what is called a net cost, or, what you can expect to pay after financial aid.

The College Scorecard also lets you see side-by-side comparisons of costs at different colleges, and create “what-if” scenarios to see how the results can change as your circumstances change (financial, etc).

To use the College Scorecard, ask your parent or guardian to help you estimate your family’s income. Then, get started here.

See Your College Return on Investment

Getting a college education can lead to you making more money in your career and throughout the rest of your life. Use our interactive College Return on Investment tool to see how your degree can affect your income based on the college you attend and what you study. 

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