It is no secret that education is expensive in the United States. According to the College Board, the average college fee for a public college was approximately $24,610 for the year 2016–2017 while private colleges charged an average of $49,320. The fee paid included tuition and related fees, as well as boarding fees. This article discusses the ten most expensive schools in the US.
10. University of Southern California
The University of Southern California is a private university in Los Angeles. It charges an of annual cost: $66,631. Fifty-six percent of the freshmen received financial aid. The annual intake is about 19,000 undergrads.
9. New York University
The cost of education at New York University was $66,640, 53% of the freshmen enrolled received financial aid. The cost of education at the University is exaggerated by the high cost of living in New York City a situation that leaves students with high student’s loans of approximately $23,300.
8. Haverford College
Haverford College in the outskirts of Philadelphia is not known to a lot of people. It has a small population of undergraduates totaling approximately 1,300. The annual cost is $66,490 while 50% of the freshmen received financial grants.
7. Dartmouth College
Dartmouth College is the second expensive Ivy League school. The total cost of education at the institution in 2016 was $66,579. Forty-six percent of the freshmen received financial grant that averaged $46,315. It also waived the tuition fee for everyone whose family earned less than 100,000 annually.
6. Scripps College
Scripps College in Claremont, California. It is a women-only college that is part of the Claremont consortium of colleges alongside Claremont McKenna and Harvey Mudd. The total annual cost of education is $66,664. Fifty-seven percent of the Freshmen received financial grant while most students graduate with average $13,750 in student loans.
5. Claremont McKenna College
Claremont McKenna College in Claremont, California, charged an annual cost of $66,685. Forty-two percent of the freshmen admitted received financial grants and scholarships. The institution offers undergraduate studies to students most of who pursue social sciences, business, and biology
4. Sarah Lawrence College
The annual cost of studying at Sarah Lawrence College in Bronxville, New York is $66,990. Seventy-two percent of the freshmen received grants. In 2016, the school’s endowment stood at 90 million USD while the acceptance rate was 53% for the year 2015.
3. University of Chicago
The cost of studying at the University of Chicago was $67,584. Sixty-one percent of enrolled first-year students received financial aid. Ninety-nine percent of the students from the institution begin paying their loans three years after graduating, an indicator that most of them land good jobs. Students from the institution graduate with a federal loan of $12,500.
2. Columbia University
Columbia University ranked second with an annual cost of $68,405. Fifty-two percent of the attending freshmen received financial aid. It is the most expensive member of the Ivy League. The average grant offered was $47,043, and families who earned less than $60,000 did not have to pay anything
1. Harvey Mudd College
Harvey Mudd College in Claremont, California, topped the list of the most expensive colleges in the US with a total cost of $69,717. However, 70% of those admitted received financial aid. Students from the college are known to graduate with either science, engineering, tech or advanced mathematics and end up in large organizations such as Google and Microsoft.