A Look at 20 Years of Tuition Costs at National Universities. Tuition at ranked National Universities has risen significantly since the 2005 edition of the Best Colleges rankings. By Sarah Wood, Sept. 24, 2024
Year Pvt Tuition In State
2025
$48,591 $12,308
2020
$41,426 $11,260
2015
$34,344 $9,602
2010
$28,452 $7,472
2005 $21,476 $5,275
The
interest rates for federal student loans for the 2024–2025 academic year
are: Undergraduate loans: 6.53%. Graduate loans: 8.08%
A Student Loan of 12,308 will cost an additional $8037 in interest costs and result in a loan balance of $20,345.
As of 2024, the average student loan balance in the United States is around $29,300 per borrower. It’s easy to see that 4 years of tuition loans could result in a $120,000 loan balance. Interest cost on $120,000 for Undergraduate loans is $7836 per year You can pay off 12,000 per year for 10 years if you continue to live with your parents, but you will also need to pay $78,360 in interest.
Comments
The $12,308 cost does not cover room and board or rental and food costs. It is the cost of In-state tuition in 2025.
Before you “invest” in college, it is wise to remember the Statistician who drowned in a lake with a mean depth of 3 feet.
If you really need to go to college, it’s best to work your way through one course at a time at a local State College and refuse to take out any student loans.
Norb Leahy, Dunwoody GA Tea
Party Leader
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