BY Lake SydneyJune 17, 2022, 12:42
Vermont State House in fall colors, as seen in October 2019. (Photo by John Greim—LightRocket/Getty Images)
Tuition fees have more than doubled so far this century—at an average annual increase of 6.8%, according to research from the Education Data Initiative. Currently, students enrolled in four-year public schools pay an average of about $35,000 in tuition, but those in private schools spend more than $53,000 annually.
“For many, earning a degree or other post-secondary credential is out of reach today,” wrote President Joe Biden’s 2020 campaign platform. retirement, or their parents or grandparents bear some of the financial burden.”
Recently, there has been a lot of debate around the cost of higher education and student loan debt. While Biden has campaigned on pledging to forgive up to $10,000 per borrower, he hasn’t. Instead, he was pardoned about $20 billion of student loan debt for the targeted group of borrowers—and more debt cancellations could be made in the near future.
Meanwhile, students continue to take out loans to pursue a bachelor’s degree and beyond. The US is the most expensive country to be a student in, with tuition alone in public schools over $11,000 per year and an annual living cost of $29,351, according to data from DealA, a promotional offerings website.
“More students invest in college to achieve [the] middle class,” Oleg Segal, founder of DealA, said Property. “The more they sign up, the bigger the cost. The costs used to pay teachers, build facilities, dormitories, provide higher education through highly educated faculty and staff are costly — even more so with the shortage of teachers that education faces.”
Property looked at DealA data and have compiled the average undergraduate tuition and living costs for the 10 most expensive states to be an undergraduate student. We’ve also included tuition information for the full-time MBA program (as ranked by Property) in these states. Vermont ranks as the most expensive state to be a student in based on tuition, fees, and accommodation fees for undergraduate students, followed by Massachusetts, which is home to many top-ranked business schools.
“Operational support costs for higher education have been cut significantly by some state governments, leading to colleges raising tuition fees in lieu,” added Segal. “Eighty percent of American students attend public colleges — and as such, budget decisions made by state governments are a major determinant of tuition fees.”
Property, using its MBA ranking data, has compiled a list of the most expensive in-state MBA programs to be a student of, as DealA considers. The data below lists the tuition figures for the two-year full-time MBA program in the most expensive state to be a student in.
Vermont, the most expensive state to be a student in, does not have a top-ranking business school, so therefore it is not listed. Rhode Island also doesn’t have the best MBA programs.
Note that data on the full-time MBA program only includes tuition fees—not other related costs including fees, living expenses, and materials.
Massachusetts Institute of Technology (Sloan) (Property ranking No. 8)
Boston University (Property ranking No. 34)
Babson College (Property rank No.45)
Annual tuition: $71,564
University of Massachusetts–Amherst (Isenberg) (Property ranking No. 46)
Yale University (Property Rank No. 9)
Dartmouth University (Property ranking No. 10)
Columbia University (Property ranking No. 6)
New York University (Property Rank No. 7)
Cornell University (Property ranking No. 12)
Fordham University (Property ranking No. 38)
Clarkson University (Property ranking No. 57)
Tuition fees per credit hour: $1,533
Hofstra University (Property rank No.62)
Tuition fees per credit hour: $1,605
Syracuse University (Property ranking No. 65)
University of Oregon (Lundquist) (Property ranking No. 59)
Stanford University (Property ranking No. 2)
University of California–Berkeley (Haas) (Property ranking No. 13)
Annual tuition: $65,360-$71,817
University of California—Davis (Property ranking No. 27)
Total tuition fee: $102,600
University of California–Irvine (Merage) (Property ranking No. 43)
Pepperdine University (Graziadio) (Property ranking No. 48)
Tuition per semester: $27,315
University of San Diego (Property ranking No. 50)
University of Maryland–College Park (Smith) (Property ranking No. 26)
Tuition per credit: $1,708-$2,098
Morgan State University (Grave) (Property rating No.68)
Tuition per credit: $455-$894
University of Pennsylvania (Wharton) (Property ranking No. 3)
Carnegie Mellon University (Tepper) (Property ranking No. 15)
University of Pittsburgh (Katz) (Property ranking No. 39)
Annual tuition fee: $31,280-$53,000