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The average cost of attendance for a student living on campus:
- Public 4-year in-state institution is $25,707 per year or $102,828 over 4 years.
- Out-of-state students pay $44,014 per year or $176,056 over 4 years.
- Private university students pay $54,501 per year or $218,004 over 4 years
We can save your over 2 years of time on completing your bachelors degree. Imagine the things you could accomplish if you were 2 years ahead of your peers.
By finishing your college degree early, you put yourself in a position to unlock time, location, and financial freedom. With our guidance, you no longer have to stress about the academic planning process, and can instead focus on what excites you.
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GOBankingRates recently surveyed annual living expenses for a single person in each of the 50 states. The researchers used the 2021 Consumer Expenditure Survey data (the latest available) for a single person from the Bureau of Labor Statistics to calculate the annual cost of necessities. With the cost of necessities in hand, researchers doubled the total annual cost of necessities to determine a living wage that also factors in discretionary spending and savings. We found that the doubling of this figure didn't accurately represent the true cost of living, so we reduced the value by 30% in our COL figures. View the original data
The calculator makes a few assumptions: - You will be living in the state in which you get your degree after graduating
- After graduating, you put 50% of your leftover income after COL is accounted for towards the cost of your degree. This percentage will fluctuate based on the individual, it could be 0% or 100%. Based on the COL data, 50% seems reasonable.
- The salary used in the time to payoff function is the average of the 6 and 10 year salary, meaning the average salary 4 years after graduation. One thing to note is that your salary should continue rising as you gain experience, so the payoff time will likely be slightly less than what is shown, but it gives a good estimate.
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