COSTS OF STUDY AT DIFFERENT TYPES OF US UNIVERSITY
Anyone familiar with the basic rules of averages will have realized that the HSBC estimate is likely to include significant variation in either direction – and this is true. At the very top-tier US universities (the majority of which are private non-profits), fees and living costs are likely to add up to around US$60,000 per year, but it’s also possible to study in the US at a much lower outlay.
Those seeking a more affordable option may find lower tuition fees at US universities within the public sector. These are typically run as state university systems – collections of colleges within a state, which share some administrative aspects while operating as separate institutions. Public universities in the US have two tuition fee rates: one for state residents and one for everyone else. The second (more expensive) category applies equally to applicants from other US states and from other countries.
According to student support organization College Board, published tuition fees for 2014/15 at state colleges are an average of US$9,139 for state residents and $22,958 for everyone else. This compares to an average of $31,231 at private non-profit colleges. The cheapest options of all, however, are public-sector two-year colleges – also known as community, technical or city colleges – where average fees for 2014/15 are just $3,347.
Admittedly, students can’t complete a full degree at a two-year college but can gain an associate’s degree. This counts as the first half of a bachelor’s degree, which can then be completed by transferring to a university for an additional two or three years.
Better research to options can lead to suitable institutions as per the individual’s needs.