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Education Costs vs. Salaries: Infographic

In the past, things seemed simpler: go to college, get a degree, graduate, and BAM! Just like magic, you’ve got a job and you’re on the path to your career. Okay, maybe it has never been quite that easy; but these days, with all of the difficulty graduates and non-graduates alike are facing, it certainly seems like it.

The problem is, college is expensive and these days, it doesn’t even necessarily guarantee a job. For example, in the US, public four-year colleges are an average of about $12,000 per year for out of state students; private colleges are even more, at about $27,000 per year, and 2-year schools run around $3,000 per year in tuition and fees.

So is a college education really worth the cost?

Well, see for yourself. This infographic compares the costs of degrees, average wages, their ability to fair through a recession.

So, what do you think: are these schools really worth the costs? Comment below and share your thoughts!

INFOGRAPHIC INFORMATION: These numbers reflect the 2010-2011 school year and are approximations…

  • Public four-year colleges charge, on average, $7,605 per year in tuition and fees for in-state students. The average surcharge for full-time out-of-state students at these institutions is $11,990. 
  • Private nonprofit four-year colleges charge, on average, $27,293 per year in tuition and fees.
  • Public two-year colleges charge, on average, $2,713 per year in tuition and fees.

Of course, that’s not the total price. You still have to live somewhere, eat, buy books and supplies, and do your laundry…

COSTS:

PUBLIC 4-YEAR UNIVERSITIES

More expensive: Pennsylvania State University

TUITION COST (PER YEAR)

In-state: $15, 250

Out of state: $27,114

BOOKS AND SUPPLIES: $1,456

LIVING ARRANGEMENT

On Campus room and board: $9,054

Other: $3,924

TOTAL EXPENSES

In-state (on campus): $29, 684

Out of state (on campus): $41,548

 Less expensive: Concord University

TUITION COST (PER YEAR)

In-state- on campus: $14,844

Out of state- on campus: $20,436

In-state – off campus: $5,638

Out-of-state- on campus: $11,230

 PRIVATE 4-YEAR UNIVERSITIES (not for profit)

 More expensive: Bates College- Maine

TUITION COST (PER YEAR)

In-state or Out: $53,300

BOOKS AND SUPPLIES: $800

LIVING ARRANGEMENT

On Campus room and board: *included in tuition cost

Other: $1,250

TOTAL EXPENSES

In-state or out-of-state (on campus): $55,350

 

Less expensive: Coker College

TUITION COST (PER YEAR)

In-state or Out: $19,368

Room: $3,070

Board: $3,170

Activity Fee: $220

Accident & Basic sickness insurance: $110

Academic Technology Fee: $270

TOTAL EXPENSES

In-state or out-of-state (on campus): $26,208

 

 PRIVATE FOR PROFIT 2-YEAR (Vocational Schools)

 

More expensive: Le Cordon Bleu College of Culinary Arts- Orlando

TUITION COST (PER YEAR)

In-state & Out: $39,550

BOOKS AND SUPPLIES: $3,695

LIVING ARRANGEMENT

Off Campus room and board: $6,559

Other: $4,235

TOTAL EXPENSES

In-state & Out: $54,039

 

Less expensive: Ashford University (online)

Tuition: $390 per credit hour, or about $1,000 per course, plus fees (see below)

Straighterline.com

Backlink: www.mangomoney.com

Posted 1:20 PM  View Comments

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