How Much Does a Bachelor's Degree Cost?

One of the biggest deciding factors in whether or not to attend college is the cost. After all, they don't say that education is an "investment" for nothing. Whether you decide to earn an associate's degree, bachelor's degree, or master's degree at a state college, or ivy league university, the cost is certainly higher than, let's say, grocery shopping.



Let's look at the items that factor into the cost of a bachelor's degree. There's tuition, room & board, books, meal plan, etc.. Tuition alone can be very expensive, and if you are living away from home, you must also consider the room and board so you have somewhere to stay and food to eat. Supplies are also required so that you have the right studying materials.



So how much does all of this cost? According to the College Board, one of the go-to resources for everything "college", the tuition for a private university is averaged at around $26,273 per year. Public university tuition is about $7,020 per year. So a 4 year degree can be over $100,000 in a private university and a little over $28,000 at a public school on average.



Keep in mind, however, that a change in major during your 4-year education could actually incur additional costs, as you may be required to take additional classes to complete your major. This could add on another semester or full year to your college education.



The cost of your degree may seem high, however there are ways of funding your education through grants, loans, and scholarships. By earning a scholarship or grant, you are essentially given free money to attend college, while any loans, both private and government funded, do need to be repaid upon graduation. To earn the most grants and scholarships, you should be able to show a great academic record, participation in extracurricular activities, and also write a great essay. There are many tips on the internet that can help you earn as much money as you can to help pay for the cost of your education.

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