If picking a college comes down to the financial bottom line, then an in-state public school is often the best deal.
Over the last decade, tuition and fees actually fell by 1% at public four-year institutions while rising by 6% at private, four-year schools, the College Board found.Among the states offering the cheapest tuition for in-state students, Florida and Wyoming topped the list with prices under $7,000 a year, based on 2022 data from the College Board.
For out-of-state students, Northern State University in South Dakota, Nichols State University in Louisiana and the University of Wyoming had the"There is great currency in those numbers," said Robert Franek, The Princeton Review's editor-in-chief. However, such popular public colleges are increasingly difficult to get into, he added.Weighing public vs.
"Never cross an expensive school off of your list of consideration based on sticker price alone," Franek cautioned."Many of those schools are giving out substantial scholarships — this is free money."At some private colleges, the average scholarship award is just over $50,000, The Princeton Review found, which brings the total out-of-pocket cost down to less than $20,000."Don't just look at sticker cost," Franek said.
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