Are you getting ready to head off to a public university in your home state? Or are you a parent preparing to say goodbye to your soon-to-be college kid after 18 (hopefully) joyous years at home? If you are the latter, you probably never fathomed what the cost of college would be today.
According to the latest data from the College Board Advocacy & Policy Center, tuition and fees rose in every state over the past five years, though the degree to which varies greatly. For example, Missouri saw the lowest increase at five percent for four-year public institutions ($417), whereas Arizona’s tuition and fees surged 70 percent during the same time period ($4,135) — the highest in the country. For Illinois, that figure stands at a moderate 18 percent change.
As the slowest economic recovery since WWII continues to trickle along, coupled with high taxes and the state’s impending fiscal crisis, the thought of paying for tuition – not to mention all the other expenses like room and board — may be keeping you up at night.
Since your tax dollars help fund public colleges, you might want to know the top 10 states with the highest average tuition and fees for the 2013-2014 academic year.
Would you bet your bottom dollar that Illinois made this list? Because you actually might need it after seeing these numbers.
However, this list doesn’t say it all. The University of Illinois projects that the total cost for residents during the 2014-2015 academic year will range from $30,150-35,154 when you include tuition/fees, room and board, books and other expenses.
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