By the time students graduate, they will have earned more than $1,000 per month, according to an analysis by the National Education Association.
They will also have earned millions more in student loan debt and student loan deferments, which will be paid back at some point in their lives.
This is thanks to tuition increases that have been passed on to taxpayers and an increase in private colleges, which have a higher return on investment than public institutions.
With a little foresight, these gains can pay for tuition at public universities, which in turn will pay for college education in the future.
“The public universities have been the biggest drivers of growth,” says Dan Karp, a former deputy secretary of the Department of Education who now teaches at the University of Southern California.
“You don’t have to look at California alone to see the importance of public universities.”
The average tuition at the four public universities in California is about $9,000 a year, according a study by the University Of Southern California’s School of Education.
The average for private schools is $9.60 a year.
A study by Cuyahoga County Community College, a public school in Ohio, found that students earn $1 per hour on average for a two-hour workday at a public university.
Public universities are also considered more affordable by some, because their tuition is capped.
This makes it easier for students to qualify for subsidized Stafford loans, which allow students to borrow up to $1 for college tuition.
“Students can save $10,000 or $20,000 on their college education with a private school,” Karp says.
“It’s really important that private schools are viewed as having the ability to be the best value for students, as opposed to public institutions.”
Private colleges are also more likely to offer courses in fields such as social studies, physical education, computer science, and business.
Students also have greater access to financial aid, as they are able to use the same financial aid plan offered by a public college.
Private schools also typically have lower student loan default rates than public schools.
“Private schools don’t need to be as expensive as public schools,” Kargas says.
But even with these advantages, private schools may still be less affordable than public universities.
For example, a typical private college costs $24,000 to $32,000 annually, according the National Association of Independent Colleges and Universities.
Public schools typically cost $20 to $30,000.
While private schools have a much higher average annual tuition and fees, students pay these costs on a per-credit-hour basis, which may make them more expensive to go to than public colleges.
Private students also have to pay more for room and board than public students.
Karp estimates that a private college student spends about $100 per month on rent, $50 per month for food, and $70 per month to borrow.
This means that the student is essentially paying $1 in rent and $5 in food costs for a four-year bachelor’s degree at a private university.
The federal government, which has subsidized public colleges for decades, will also likely take a cut of student loan payments over time, says Michael Dittmer, the president of the Institute for College Access and Success.
“We’re seeing a lot of public colleges that are starting to start to close because of this new financial aid model, which we think is a bad thing,” he says.
In the end, it is the government that ultimately pays for a college education.
In fact, it has already taken some steps to try to help private colleges.
The Pell Grant Program, which allows students to pay back some of their federal loans with interest, has been expanded to include private colleges and universities.
The Obama administration also established the Opportunity Scholarship Program, in which students can borrow up a maximum of $4,000 for college.
The goal of the program is to help students graduate with debt-free college degrees, according NACIA.
But the Obama administration has also said that private colleges cannot compete for federal student aid money unless they are providing the best educational experience.
The National College Access Network, an industry group that represents more than 500 private colleges in the United States, has also advocated for more financial aid for public colleges and schools.
It has called for a $500,000 increase in federal student loan interest rates for public schools and for the federal government to guarantee loans for private institutions, which they estimate will cost $2.6 trillion over the next decade.
The $2 trillion could come from a reduction in federal aid for colleges and from a shift in federal spending toward higher education.
“Our government has been the driving force in ensuring that we have the best possible education system,” says David H. Brown, a member of NACIAN.
“But it’s also been the best investment in our students.”
Brown is now president of a private nonprofit that helps private schools with financial aid and is also chairman of the Education Policy Advisory Board, a