Where Your College Tuition is Spent

Where Your College Tuition is Spent

 

Many people are going back to school to further their education in the hope of being more marketable in the workplace. As tuition increases, students may be wondering where their money is being used.

Onlinecolleges.net reported 10 Telling Stats on Where Your Tuition Money Goes. It is interesting to note that the professor’s pay is not a big factor in these increases. It may be surprising how much goes to construction and renovations. Also of note is how much is being spent on entertainment. “Travel and entertainment are major expenses for universities. For example, Kansas State University spent $9 million in travel and entertainment related expenses in 2010.” For the complete list explaining where your funds are being spent, click here.

College Costs . . . Good News Bad News

[Tuition]

image via online.wsj.com

If you are considering going back to college, you may be interested to know that tuition rates are going up.  That is the bad news.  The good news is that the Pell grants are on the rise.  I give a lot of advice about paying for college in my book, The Online Student User’s Manual.  For more information, you can also check out some of my recent articles by clicking here.   

According to an article in WSJ.com by Stephanie Banchero, “The average price of tuition and fees for in-state students at public four-year institutions is $7,605 this school year, a 7.9% increase over last year. At private nonprofit colleges and universities, the average price is $27,293, a 4.5% rise. Two-year state colleges saw a 6% rise to $2,713.”  To read the entire article, click here.