Just How Fast Are College Costs Growing?Everyone knows college costs are increasing, but just how much? Most experts project an average 6% increase per year. That means the cost to send a newborn child to a 4-year public university in the year 2023 will reach over $145,000 or over $335,000 for a 4-year private university. The graph below shows the rate these costs are expected to grow over the next 18 years.
However, don't let the rising costs scare you. Our Tools Section can provide you with valuable tips for planning your college investing strategy.