According to the College Board, the average tuition for a four-year private university is $22,218 for the 2006-2007 academic year. This was up from an average of $10,330 in the 1995-1996 academic year. (1)
Students also now spend more time in school to obtain their four-year degree.
Yes, in spite of the rising time and monetary costs, the long term payoff is overwhelmingly worth it. In 2000, the median annual earnings for workers with professional degrees was more than 3.5 times those of high school dropouts, according to the current occupational information from the federal Bureau of Labor Statistics. Other sources state that over onesí working lifetime,
The College Board informs us that average yearly room and board at a four-year public campus has a price tag of $10,636. In comparison, this is less than half the cost of annual room and board at a private college, which runs $26,854.
Average one-year tuition alone now costs $4,694 at public colleges or universities, and a whopping $19,710 at private learning institutions. (1)
|Elementary Education and Teaching||$25,000 - $35,000|
|English Language and Literature||$20,000 - $25,000|
|Nursing||$26,000 - $33,000|
|Psychology||$27,000 - $28,000 (2)|