{"id":180,"date":"2022-09-19T09:24:29","date_gmt":"2022-09-19T07:24:29","guid":{"rendered":"https:\/\/oxfordwisefinance.com\/blog\/?p=180"},"modified":"2024-11-29T17:46:55","modified_gmt":"2024-11-29T16:46:55","slug":"how-does-college-tuition-work","status":"publish","type":"post","link":"https:\/\/oxfordwisefinance.com\/blog\/how-does-college-tuition-work\/","title":{"rendered":"How Does College Tuition Work"},"content":{"rendered":"

When you think about the cost of college, you likely think about tuition first.\u00a0 But what is tuition? And what does it cover?<\/span><\/p>\n

Tuition is the price you pay to become a student and take classes at college or university. It covers the cost of your enrollment and instruction and the use of facilities like a campus library.\u00a0<\/span><\/p>\n

Although college costs have increased significantly in recent years, tuition is still only a part of the overall cost of attendance. Find out what tuition covers and doesn\u2019t \u2014 and what options exist to help you pay for your education.\u00a0<\/span><\/p>\n

What Is Tuition and What Does It Cover?\u00a0<\/span><\/h2>\n

College tuition sometimes referred to as the school sticker price, is the price you pay for your classes. Tuition costs vary by school, but you must pay tuition to become a student at a particular college.\u00a0<\/span><\/p>\n

In recent years, the cost of college tuition has significantly increased. According to <\/span>The College Board<\/span>, the tuition at public, four-year universities has increased by nearly 25%, with the average cost of tuition increasing from $8,655 to $10,740 per year. At private schools, the difference is even more substantial; the average tuition at private universities increased from $29,056 to $38,070 \u2014 a 31% difference.\u00a0<\/span><\/p>\n

Tuition vs. the Total Cost of Attendance<\/span><\/h2>\n

Although the tuition prices may be intimidating enough, tuition isn\u2019t the only expense you have to worry about as a college student. While you\u2019re in college, there are several other expenses that you have to cover, such as your school fees and housing. Combined with your tuition, these additional expenses make up your <\/span>total cost of attendance<\/span> (COA).\u00a0<\/span><\/p>\n

The COA includes:\u00a0<\/span><\/p>\n