Financial Intel Monthly

College Board Releases New College Cost Figures

Nov 5, 2011 3:28:25 PM / by The Retirement Group (800) 900-5867

On October 25, 2011, the College Board released college cost figures for the 2011/2012 academic year in its annual Trends in College Pricing report.

To view the Trends in College Pricing 2011 report, click here.

Here are the highlights:

Public colleges (in-state students):

  • Tuition and fees increased an average of 8.3% to $8,244
  • Room and board increased an average of 4.0% to $8,887
  • Total average cost* for 2011/2012: $21,447

Public colleges (out-of-state students):

  • Tuition and fees increased an average of 5.7% to $20,770
  • Room and board increased an average of 4.0% to $8,887
  • Total average cost* for 2011/2012: $33,973

Private colleges:

  • Tuition and fees increased an average of 4.5% to $28,500
  • Room and board increased an average of 3.9% to $10,089
  • Total average cost* for 2011/2012: $42,224

 *"Total average cost" includes tuition and fees, room and board, books and supplies, transportation, and other miscellaneous costs.

The report also noted that full-time undergraduate students received an estimated average of approximately $5,750 in grant aid (from all sources) and federal tax benefits at public colleges and $15,530 at private colleges.

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This material was prepared by Broadridge Communication Investor, and does not necessarily represent the views of The Retirement Group or FSC Financial Corp. This information should not be construed as investment advice. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If other expert assistance is needed, the reader is advised to engage the services of a competent professional. Please consult your Financial Advisor for further information or call 800-900-5867.

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