Ladies and gentlemen, we have a winner. A dubious one, anyway.
The absolute priciest four year college education in the country can be had at ... New York University, according to a new survey.
The analysis, by Business Insider, ranks the all-in cost of attending college – tuition, room and board and required fees.
An earlier analysis, by the Department of Education, ranked NYU 64th among private four-year colleges, but that listing just counted tuition.
NYU is followed closely by Harvey Mudd College, part of California's Claremont Colleges, and Bard College in upstate New York.
The top twenty, in descending order of cost, are:
- New York University, $61,977
- Harvey Mudd College, $61,760
- Bard College, $61,446
- Rensselaer Polytechnic Institute, $60,779
- Sarah Lawrence College, $60,656
- Wesleyan University, $60,214
- Dartmouth College, $60,201
- University of Chicago, $60,039
- Bard College at Simon's Rock, $60,003
- Trinity College, $59,860
- Johns Hopkins University, $59,802
- Fordham University, $59,802
- Carnegie Mellon University, $59,632
- University of Southern California, $59,615
- Occidental College, $59,592
- Scripps College, $59,570
- Oberlin College, $59,474
- Haverford College, $59,446
- Pitzer College, $59,416
- Northwestern University, $54,389
College education costs have been rising steadily for years, outpacing inflation. Between 1982-1983 and 2012-2013, tuition and fees for a private four–year college education rose 167 percent, and the price tag for a public four–year education climbed 257 percent, according to College Board.
Not surprisingly, student loan debt is also a growing problem, particularly now that Congress has allowed the interest rate on student loans to double.
Luckily, Fiske has published its list of colleges that offer the best buy in terms of academics and affordability. The flagship public universities on the list, in no particular order, include the University of Florida, the University of Iowa, the University of Nebraska–Lincoln, the University of North Carolina–Chapel Hill, the University of Oregon, and the University of Wisconsin–Madison.
Affordable is relative, however. College Board pegged a moderate budget for the 2012-2013 school year at a public university at over $22,000, and over $43,000 for a private institution.
Get your wallet ready.
First published July 11 2013, 10:56 AM