Wealth Management Firm Near Me - Facebook Icon IMG  Wealth Planning Near Me - Certified Financial Planners Twitter Icon IMG   Find A Financial Advisor Near Me - Wealth Planners Linkedin Icon IMG 


Access Your Account Online

☰ Menu
Planning & Economy

College is how much now?!?!

May 30th, 2023

Back in 2018 I published a newsletter about college costs.  The link is below:


When I originally published this newsletter, I was asking myself the question whether I should steer my young daughter at the time to an in-state public, private or out-of-state.  If the costs were expensive then, wait until you see the costs now.

I looked at five in-state public schools, five in-state private schools and four out-of-state public & private schools.  The five in-state public schools are reasonable especially if you add the HOPE scholarship, but the schools out of state and private are very expensive for the average family.

Some schools didn’t have the 2023-2024 tuition information on their website yet, so I have put the school year’s tuition that I’m quoting below as well.  For all costs below, I assumed the maximum meal plan, the maximum dorm or the Freshman dorm and full-time student status which is 12+ hours a semester.  These are all estimates I found on each college website. 

The U.S. Department of Education link below has a step-by-step menu allowing you to research alternatives.

The navigator provides total price details as well.

In-State Public Schools

 In-State Private Schools (you might want to sit for this)

 I discovered a website that calculates the HOPE scholarship and the Zell scholarship based on the school a student attends and what I saw was that if a student went to a private college their scholarship is less than if they go to a public college.  The website is https://apps.gsfc.org/SecureNextGen/dsp_award_amounts.cfm

So far, the public schools have seen the higher cost increases compared to the in-state private schools.

Out-of-State Public and Private Schools

For the typically American family, it would be difficult to pay these out-of-state college costs and private college costs without grants and scholarships, maybe that’s why the public schools have increased their costs more over the years because they are still much less than the other schools.  The point of this newsletter is to save early, save as much as you can (without compromising your retirement savings) and plan ahead of time.  If you need help planning for college and getting started on your savings plan, please give me a call, I’m happy to help.

Thank you for reading!

Christina Jones
Wealth Manager, RJFS
Partner, Windsor Wealth
















Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Windsor Wealth is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.