How Much Does College Cost These Days?

By
Mortgage and Lending with EstaR Mortgage NMLS #241125

According to the College Board, the average total costs (including room and board) for a four-year public in-state school is a whopping $21,447 per year.  That amounts to $85,788 over four years. 

 

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Average costs skyrocket to a whopping $42,224 per year for a four-year private education!

The perfect storm here is that college costs have increased dramatically, while state funding for college has declined by similar leaps and bounds over the past several years. That's one reason why it's more important than ever before to consider these costs as you create a mortgage and cash-flow plan for your family.

 

 

 

Let me know if I can run some mortgage numbers for you or help in any way.  

 

 

Broker
NMLS Number: 241125
(510) 463-1003
2413 Webb Avenue, Suite E,
Alameda, California 94501
Corporate NMLS Number: 1547521
 

Comments (4)

Gary & Melynda Wolter (CRS) 480-269-1164
ProSmart Realty - Mesa, AZ
Reliable, Premier Personal Service since 2001

Just got my two sons through school. Glad we saved early.

Apr 09, 2018 08:37 AM
Chris Freck
EstaR Mortgage - Alameda, CA
EstaR Mortgage, A Bilingual Brokerage

MyLender@EstaRmortgage.com or CALL 510-463-1003 for more immediate assistance.

Apr 16, 2018 08:42 AM
Akemi Tatsakura
WPFM - Detroit, MI

Having worked as an adjunct for eight years and having done loads of researches on the similar subjects for the writing website, I caution parents not to assume that their teen is ready for the academic challenges and also social pressure of a large university. 
With such large sums on the line - and the fact that student loans are virtually impossible to extinguish in bankruptcy - this is something worth considering. 
Ask at your child's top choices what the withdraw rate is (or whatever metric they use for students who drop out, not transfer.) Student records are private (FERPA) but the stats should be available to you.  
Remember, university admins often get bonus and/or promotions to keep application numbers up and enrollment numbers up. That doesn't mean the fit, and cost, are realistic for your family.

May 22, 2018 05:38 AM
Chris Freck
EstaR Mortgage - Alameda, CA
EstaR Mortgage, A Bilingual Brokerage

Great input Akemi, Thank you!

May 22, 2018 06:48 AM