College Payment in the USA Based on Income Level (2007-2020) | Statistics

College payment in the USA are enormous, and therefore, this factor should be of utmost priority before thinking about studying in the USA. The United States is one of the world’s most popular destinations for education and one of the most expensive. But before removing the country from your list of studying goals, it is worth exploring all avenues of funding.
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College Payment in the USA

College payment in the USA ranges from $5,000 to $50,000 per year. Most undergraduate degrees are for four years, so, on average, students are graduating with $132,860 worth of debt.

American universities differentiate college payment between in-state and out-of-state students. A four-year public college charged in-state students $18,548 per year, while out-of-state students’ college payment was $26,290. On the other hand, private non-profit colleges charge $26,753. 

Cost of Accommodation 

Altogether, university towns in the Midwest region of the U.S. have lower living costs than the East and North East, which are expensive. The average apartment costs $500 per month and goes up to $3,500 or £2,856 for a single-bedroom apartment in a built-up city.

On-campus accommodation is typically in paying guests’ apartments, where two or three people share the same room. Residents share bathrooms, toilets and showers, and a kitchen.

On-campus dormitory rooms in the U.S. averaged between $5,304 and $8,161, including utilities and housing-related costs. The college payment in the USA was the lowest, whereas highest at the private non-profit four-year college.

Other essential student costs

Internet provision costs $35-60 per month, and household and monthly phone bills are around $50. Petrol costs around $2.30 (£1.88) per gallon (4.5 litres). A monthly public transport pass costs about $50-60 (£40-49), and some areas offer discounted prices for students. The average cost of books and academic supplies per academic year is $1,170 (£954), or $390 (£318) per semester.

Another cost to consider is the student visa to study in the U.S. The F1 visa, which is the most common visa for students, costs $510 (£416). The application is a long process and is started about three-five months before the semester begins.

Lifestyle

Utilities may or may not include in the price of rented accommodation, but electricity is about $50-100 per month. The landlord pays water and sewerage, but if that responsibility lies with the tenant, this will amount to $50-75 every three months.

Weekly groceries in the U.S. cost between $20 and $70 per person, depending on a diet – the price of fresh fruit and vegetables varies considerably throughout the country. Some meals are included with the cost of university accommodation.

College Payment in the USA Based on Income Level (2007-2020)

The statistics show the college payment in the United States, from 2007 and 2020 based on income level ranging from low-income families to high-income families. Between 2019 and 2020, low-income families paid 29,055 U.S. dollars, whereas high-income families paid 31,822 U.S. dollars during this time.

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