That depends on several things – the school you choose, whether you live at home, on campus or in an apartment or house, whether you have roommates, the time it takes you to graduate and your lifestyle.
The average tuition cost at a four-year, private college is now about $22,200 per year. Four-year, public university tuition now averages about $5,800 per year. Add another $8,150 and $6,960 for room and board, respectively.
It's true, college is expensive and costs continue to rise. But that's only part of the story.
It's also true that about two-thirds of all full-time, undergraduate students receive grant aid. (That's money you don't have to repay.)
According to the College Board, a non-profit association of more than 5,200 schools and educational organizations, grants and tax benefits at public, two-year colleges now average slightly more than $2,000 per student. At public universities, students receive about $3,600 per year. And those attending private schools receive an average of $9,300 per year.
These funds are available through grants, scholarships, work-study programs and student loans. The financial aid office at any university can provide you with information on scholarships and other aid specific to that school.
The largest single provider of student financial aid is the Federal Pell Grant Program which offers need-based grants to students at approximately 5,400 participating colleges and universities. Visit www.ed.gov/programs to learn more about Pell Grants and additional federal assistance.
And at the University of Nebraska, our Collegebound Nebraska tuition assistance program guarantees that any Nebraska resident student who is eligible for a Federal Pell Grant will receive financial aid equal to the cost of tuition. That's right. If you're eligible for a Pell Grant, your tuition is covered at the University of Nebraska. In addition, there are hundreds of scholarships available through programs like the Thompson Scholars Program, Regents Scholarships and privately funded need-based and merit-based scholarships.
It's also important to note that Collegebound Nebraska funding is just one of many financial aid options available to students. Those who receive Pell Grants and Collegebound Nebraska funding usually receive significantly more than just their tuition paid. Typically, they also receive additional grants and scholarships to assist with other expenses.