College Costs

College costs vary from college to college.

Here are some costs to consider when choosing a college:

  • Tuition (price you pay for classes)
  • Fees
  • Room and Board
  • Supplies
  • Transportation
  • Personal Expenses

 

Financial aid reduces your cost.

Financial aid is money that is given or lent to you and can have a large impact on how much you pay for college.  It is based on financial need, academics, or athletic ability.  Most full-time students receive some sort of financial aid.  Do not be discouraged by the published price of attending a college.  Because if you take into consideration the amount of financial aid you are able to receive and then calculate the net price, the difference can be considerable.

Here are some different types of financial aid:

  • Scholarships
  • Grants
  • Loans
  • Work-Study

 

How much is tuition?

Type of College

Average Published Yearly Tuition and Fees

Public Two-Year College (in-state students)

$2,500

Public Four-Year College (in-state students)

$9,000

Public Four-Year College (out-of-state students)

$26,000

Private Four-Year College

$35,000

* based on Hawaii colleges

Most students pay less than the published price because of help from financial aid.

 

Is college worth the cost?

College graduates earn more money and are more likely to hold a job than people with just a high school diploma.  Gradautes earn $1 million more on average over their lifetime than those who don’t graduate from college. So remember, the money you spend on a college education is worth the investment.

Click here to view a college costs chart.

 

Sources: www.collegeboard.org, www.hawaii.edu, money.cnn.com