What Does College Cost America?

Here’s a statistic that’s devilish hard to find: How much, per year, does America spend on college education? That would be not only the cost of tuition, but also state and federal aid paid out to universities, the cost of room and board and other services, insurance, etc.

I was able to get a little information on tuition. In the year 2007-08, average tuition per year (I’ve rounded down the figures) was $4,500 for a two-year-community college, $17,000 for a state university, and $35,000 for a private university ( http://www.usnews.com/education/articles/2008/04/10/how-much-does-college-cost ). Obviously, these figures are eight years old and have surely gone up since then.

But let’s take the $17,000 annual tuition at a state university as an average figure–and then multiply it by the 17 million students enrolled in our colleges a year or two ago. That comes out to… $289 billion paid out in college tuitions per year. And again, I am working with old figures.

And again, that’s just tuition. Doubtless the amounts of money doled out in state and federal aid are, shall we say, considerable. And then there are the costs of textbooks, assorted student fees, housing, food, and this and that. So now I suspect we’re talking anywhere from half a trillion to a round trillion smackers a year.

For degrees in Social Justice, Gender Studies, Post-Modern Interpretative Luau Studies, and what have you.

Imagine if that money were put to some constructive purpose. Just imagine.

About leeduigon

I have lived in Metuchen, NJ, all my life. I have been married to my wife Patricia since 1977. I am a former newspaper editor and reporter. I was also the owner-operator of my own small business for several years. I wrote various novels and short stories published during 1980s and 1990s. I am a long-time student of judo and Japanese swordsmanship (kenjutsu). I also play chess, basketball, and military and sports simulations. View all posts by leeduigon

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: