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Many of her students, in fact, don't realize there are state programs like the 21st Century Scholars that could cover their tuition at a public school like Purdue University. Nearly 80% of the district’s students are economically disadvantaged, so cost is a primary concern. Lydia McNeiley, college and career coordinator for a school district in Hammond, Indiana, says greater awareness that advertised prices aren’t what you’ll typically have to pay could help college seem more feasible to many of her students, who would be the first in their families to go.

She recommends families use net price calculators before applying to receive financial aid estimates based on their income, tax and household information. Jackie Copeland, associate provost and director of scholarships and student aid at the University of North Carolina at Chapel Hill, says the difference between sticker price and real price is “one of the biggest things that we attempt to get through to families when we have the opportunity to speak with them directly.” (USC, for what its worth, still lands on the expensive side the average net price is about $36,800.) The figure is almost half that, $14,560, at public four-year colleges. Nationally, students actually paid an average price of $28,660 at private nonprofit four-year colleges, counting tuition, fees, room and board, and other costs for the most recent school year, according to College Board research. This is called the net price of attendance in higher education lingo. The majority of students, at USC and across the country, receive grants and scholarships that reduce what they have to pay.

But the reality is that only a fraction of students - less than a third in the case of USC - pay full price. On the websites of the country’s most expensive colleges, you’ll see exorbitant estimates for the full cost of attendance: the University of Southern California, for example, now lists the total price as $90,921 - for a single year.įigures like that can discourage folks into thinking a college education isn’t worth it or is out of reach. Here are four myths about college costs and what experts say you need to know to make your higher education experience worth it: Myth: A college’s sticker price is what you’ll have to pay ( Money’s Best Colleges list can help you find schools that are worth the money.) Ultimately, how good of an investment you make depends in part on how much you pay - and to pick the right college at the right amount, you first have to understand how college pricing works. Of course, the flipside of that means there are some schools that are often not good investments, so it’s important to thoroughly research your college decision. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas View Rates

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