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Table 1: Average Estimated Undergraduate Budgets, 2009-10 (Enrollment-Weighted)

    Tuition and Fees

Room and Board

Books and Suppli

es

Transportation

Other Expenses

Total Expenses*

Public Two-Year              

  On-Campus $2,544 — $1,098 — — —

  Commuter $2,544 $7,202 $1,098 $1,445 $1,996 $14,285

Public Four-Year            

  In-State On-Campus $7,020 $8,193 $1,122 $1,079 $1,974 $19,388

  Commuter $7,020 $7,969 $1,122 $1,483 $2,318 $19,912

  Out-of-State On-Campus $18,548 $8,193 $1,122 $1,079 $1,974 $30,916

Private Four-Year            

  On-Campus $26,273 $9,363 $1,116 $849 $1,427 $39,028

  Commuter $26,273 $8,163 $1,116 $1,332 $1,788 $38,672

— Sample too small to provide meaningful information.        

* Average total expenses include room and board costs for commuter students, which are average estimated living expenses for students living off campus but not with parents.

Source: The College Board, Annual Survey of Colleges.      

Enrollment-weighted tuition and fees are derived by weighting the price charged by each institution by the number of full-time students enrolled in fall 2008. Public four-year in-state charges are weighted by total fall 2008 full-time enrollment in each institution. Out-of-state tuition and fees are computed by adding the average in-state price to the out-of-state premium weighted by the number of full-time out-of-state students enrolled at each institution. Room and board charges are weighted by the number of students residing on campus.

This table was prepared in October 2009.          

Data Table for Figure 12b: Median Family Income by Selected Characteristics, 2008

Region  

  Northeast 69,317

  Midwest 61,976

  South 55,877

  West 65,672

Race  

  Asian 73,578

  White, non-Hispanic 70,070

  Hispanic 40,466

  Black 39,879

Age  

  15-24 31,964

  25-34 52,845

  35-44 68,304

  45-54 75,651

  55-64 72,444

  65 and over 44,188

Education  

  <HS 30,534

  HS 49,414

  Some College 60,355

  Associate 69,232

  Bachelor's or More 101,099

Source: U.S. Census Bureau, Current Population Survey, 2009 Annual Social and Economic Supplement, FINC-01.

This table was prepared in October 2009.

38 years at the same job = Salary * 2

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House-hold

Income

3% Interest

Rate

5% Annual Addition

Total after 45 years

Total interest accrued

Final Amount

30,534 - 1,525 68,625 76,659 145, 284

60,355 - 3,018 135,810 151,710 287,520

101,099 - 5,055 227,475 254,108 481,583

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$181,480

$651,583

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The End

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