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How Much Does It Cost To Attend One of 2024’s Best Colleges?

filo / Getty Images
filo / Getty Images

If you want to attend one of the nation’s top colleges, it’ll cost you.

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According to data collected by U.S. News & World Report, the average cost of tuition and fees for the 2023-2024 school year is $42,162 at private colleges, $23,630 for out-of-state students at public universities and $10,662 for in-state students at public schools.

Additionally, when you add other expenses, the overall cost jumps. Harvard University charges nearly $60,000 in tuition and fees for undergraduate students per year, CNN reported. When you add other expenses — housing, food, books and more — Harvard expects you to pay $95,438 each year.

U.S. News also noted that private schools often make up the price gap through tuition discounts and aid. For example, Princeton University had a sticker price of $57,410 for tuition and fees in the 2022-2023 school year, but the average cost per student receiving needs-based grants was only $17,464.

Between 1980 and 2020, the average price of tuition, fees and room and board for an undergraduate degree went up by 169%, according to a report from the Georgetown University Center on Education and the Workforce. This far outpaces wage increases, which increased by only 19% for workers ages 22 to 27 in that time.

Choosing public versus private has a huge impact on college costs. If you’re set on picking one of the nation’s best schools, here are U.S. News & World Report’s top-ranked schools from the 2024 Best Colleges rankings, including tuition and fees without aid.

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National Universities:

  • Princeton University: $59,710

  • Massachusetts Institute of Technology: $60,156

  • Harvard University: $59,076

  • Stanford University: $62,484

  • Yale University: $64,700

National Liberal Arts Colleges:

  • Williams College: $64,860

  • Amherst College: $67,280

  • United States Naval Academy: No tuition

  • Pomona College: $62,326

  • Swarthmore College: $62,412

  • Wellesley College: $64,320

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Planning and saving for higher education is incredibly important. When making plans and budgets for your education — or for your children — keep in mind that the highest-ranked schools often require the highest tuition and fees.

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This article originally appeared on GOBankingRates.com: How Much Does It Cost To Attend One of 2024’s Best Colleges?

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