According to the College Board, average costs for the 2015-2016 academic year for in-state residents are $9,410 at public universities or $23,893 out-of-state. For private universities, the average costs are currently $32,405. And those numbers are only for tuition. Room, board, living expenses, books, travel costs home all increase those numbers substantially.
For more information on the best ways to save for college, check out our new article coming Thursday.