The college news publication Campus Grotto provides an annual ranking of the nation's most expensive colleges. According to its just-released report on the 2012-2013 year, the top 10 schools all have an average total cost of more than $55,000 per year.
See this slideshow: Colleges That Bring the Highest Paychecks
Total cost is defined as tuition, fees and room and board. The top school on the list costs more than $60,000, an unprecedented amount.
Campus Grotto includes only required fees in the final tally, such as charges for student activities and facilities. It also only includes schools that offer bachelor’s degrees in traditional four-year undergraduate settings, so you won’t see any junior colleges or conservatories on the list.
1. Sarah Lawrence College
Total Cost: $61,236
Room & Board: $14,312
The official seal of Sarah Lawrence, a private liberal arts college in Yonkers, N.Y., carries the motto “Wisdom with understanding.” Notable alumni include Barbara Walters, Yoko Ono and Rahm Emanuel.
At $61,236, Sarah Lawrence is the most expensive college in the United States, as it was last year and has been since Campus Grotto’s 2008-2009 roundup.
2. New York University
Total Cost: $59,837
Room & Board: $16,133
NYU, a research university based in Greenwich Village, is one of the largest private universities in the United States, not counting its satellite campuses all over the world, including Washington, D.C., Shanghai and Abu Dhabi.
Aside from charges for tuition and room and board, NYU’s total cost includes almost $900 in nonreturnable registration fees. Its total cost is just $163 shy of $60,000.
3. Harvey Mudd College
Total Cost: $58,913
Room & Board: $14,471
Harvey Mudd is one of the seven schools that make up the Claremont Colleges consortium, which also includes Claremont McKenna, with which Harvey Mudd shares such resources as health services and libraries.
The total cost for the 2012-2013 academic year is $58,913, jumping Mudd from fourth place on Campus Grotto’s list to third, thanks to an increase of $2,915. The school offers the cash-strapped an average financial aid award of $29,000.
4. Columbia University
Total Cost: $58,742
Room & Board: $11,496
New York City’s entrant in the Ivy League, Columbia is also the oldest college in the state, predating the publication of Karl Marx’s “Das Kapital” and — by 22 years — the birth of the United States. It is also the alma mater of three U.S. presidents, one Supreme Court justice and one CEO of Berkshire Hathaway.
Despite an increase of $2,432 last year, Columbia’s overall place this year fell a notch from No. 3 to No. 4.
5. Wesleyan University
Total Cost: $58,202
Room & Board: $12,574
Wesleyan, in Middletown, Conn., occupied the No. 7 slot on Campus Grotto’s list last year. This year its total cost rose by almost $3,000, placing it at No. 5.
A large number of Wesleyan grads go on to earn Ph.D.s. According to a 2005 study conducted by Swarthmore College, Wesleyan had the second-highest number of liberal arts college graduates to be awarded doctorates, bested only by Oberlin College in Ohio.
See the full list: Most Expensive Colleges 2012-1013
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