Daily Digit: More than just tuition, the real cost of college is staggering

[Wireless News]

http://l1.yimg.com/uu/api/res/1.2/11.Ar3XAKjXpJHCIndp49Q--/YXBwaWQ9eXRhY2h5b247aD04Njt3PTEzMDs-/https://media.zenfs.com/creatr-images/GLB/2018-08-07/7acfe720-9a65-11e8-adba-e93f17125e9e_DD_EP-160-College-Budget_thumbnail_HRZT.png (https://www.yahoo.com/news/daily-digit-more-just-tuition-171554409.html)Daily Digit is the story behind the numbers that make our world work. Today we're looking at the real cost of a college degree. Students at private universities have to budget an average of $50,900 per year to pay for their education. That figure includes transportation, books, housing and other expenses, but tuition makes up the bulk of the cost — $34,740. Students at state universities fare slightly better, paying an average $9,970 for studying in state and $25,620 for out of state. Still, public universities in the U.S. are the most expensive in the developed world. Collectively, Americans carry about $1.5 trillion in student debt, and 60% of borrowers carry student debt well into their 40s.



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