Everyone knows that the cost of attending college keeps rising and rising, but students at the University of Berkeley – a public school – are really starting to feel this trend.
The College Board recently announced that one year at Berkeley now costs more than $50,000 for students who do not qualify for in-state tuition rates. Berkeley is the first public school where students have to pay more than $50,000 a year to attend.
Berkeley isn’t the only school to recently increase the cost of attendance to more than $50,000. In 2008, there were only three schools in the country that charged this much, and soon there will be 100 schools in the country to hit the $50,000 mark in 2010-2011.
Tuition at Berkeley isn’t the only factor in this expensive equation: the College Board also included room and board, supplies, books, and “personal expenses” in this number. Tuition itself is somewhere about $35,000.
The most expensive school in the U.S. is Connecticut College, a private school in New London, CT. Tuition at Connecticut College is a whopping $43,990 per year.
The College Board surveyed more than 1,000 schools and discovered that at least 59 of these schools have tuition-and-fee costs of $40,000 and more. No wonder the average student is graduating with even more debt than ever before.