Higher Education Flipbook_2023

Rising College Costs $53,430 $23,250 $111,077 $87,032 $68,192 $48,335 $37,872 $29,674 Private Public (in-state) (in 2022 dollars) Over the past decade, total costs for tuition, fees, room, and board increased by 2% at four-year public colleges and by 6% at four-year private colleges, after adjusting for inflation. What will college cost for your child? The chart below projects the future cost of tuition, fees, room, and board, assuming a 3% annual inflation rate. $60,000 $100,000 $160,000 $140,000 $120,000 $80,000 $40,000 $20,000 $0 Source: College Board, 2022 2022–23 2037–38 2032–33 2027–28 2042–43 $141,766 $61,689

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