One of the biggest financial challenges younger generations will face in their lifetime is accepting and repaying a student loan. In the last 5 years alone, the cost of university tuition has risen 8.3%, which is below the 9.7% increase in room and board prices and far below the 36.3% increase in books and supplies seen in the same time frame. This means that, per year, university students are paying $29,133 on average across all states just to attend. This is an increase of $2,835 for every year of tuition above the prices student were paying in 2015, which is also 112% above the rate of inflation in the US throughout the same period.
To find out which states are seeing the biggest price hikes, and in which categories, we've mapped the cost of a university education across every state over the past 5 years. Not only did we want to see where on average is the most expensive, but which states have seen prices rise faster than any other and exactly what that price increase was for. Our map below allows users to instantly see which states are beyond the norm, as well as gaining a year-by-year view and deciding to view tuition fees, books and supplies or room and board costs. To do this, we've analysed all lengths of study, as well as public and private universities for a complete view.
More information on our data