The average in-state student attending a public 4-year institution spends $25,864 for one academic year.

The average cost of in-state tuition alone is $9,580; out-of-state tuition averages $27,437.

The average traditional private university student spends a total of $53,949 per academic year, $37,200 of it on tuition and fees.

Considering student loan interest and loss of income, the ultimate cost of a bachelor’s degree may exceed $400,000.

Student borrowers pay an average of $1,898 in interest each year, and the average student borrower spends 20 years paying off their loans.