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College Planning

The Cost of College

Everyone wants to help their children, grandchildren, nieces and nephews realize their dreams - whether it's to become an astronaut, engineer, teacher or technician. While paying for a college education may be the greatest gift you can give, it may also be the most expensive.

  • College costs roughly $137,000 for four years at a private school and $64,000 for a public school.*
  • At four-year institutions, costs rose 14.1% for the 2003-2004 academic year.*
  • Click here to estimate the cost of college.

*Source: The College Board for the 2003-2004 school year.

What Four Years Of College Could Cost

Your child's current agePublic schoolPrivate school
newborn$172,728$368,868
3$145,025$309,708
6$121,766$260,037
9$102,237$218,332
12$85,840$183,316
15$72,073$153,916

Source: The College Board for the 2003-2004 school year. Assumes college costs increase at 6% a year on average. For illustration only.

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