The cost of college tuition has been rising steadily for many years. Between 2010 and 2020, tuition and fees at four-year institutions increased 10% on average, according to the National Center for Education Statistics (NCES), with that figure rising to 19% for private nonprofit four-year institutions,
Taking a look at the numbers, tuition costs average $26,027 annually for a public, four-year, in-state institution. Out-of-state attendees pay even more at $27,091 - and private, nonprofit university students average annual tuition of $55,840. That's $223,360 over four years for just one of your children, according to the Education Data Initiative!
