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College and University Discussion
Reply to "Do most people pay for college out of pocket?"
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[quote=Anonymous][quote=Anonymous]Most people don't pay the sticker price. Research from College Board shows that the average tuition/fees sticker price at a private non-profit is $41,540 but the average net price (amount paid after grants/scholarships) is only $15,910. https://www.brookings.edu/articles/college-prices-arent-skyrocketing-but-theyre-still-too-high-for-some/ https://research.collegeboard.org/trends/college-pricing/highlights We pay sticker price at an affordable in-state school (about $26k this year with living off campus). And one kid is at a private where our actual cost is less than half of the sticker price. [/quote] This. The only people paying $80-90k are the 50% or so of the students who aren't on financial aid that are at a very small number (20 or so) of top private colleges that don't offer any merit aid. We could pay full tuition out of pocket, but aren't, because my kid got substantial merit aid everywhere he was admitted. There are also state flagships that offer substantial merit aid (mostly for in state students, but some for OOS). I have a family member attending GaT for about $15,000 a year (total cost -- they effectively only pay for room and board). [/quote]
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