Private College Costs Soar to $95,000, Financial Aid Eases Burden for Some

As tuition rates hit new highs, colleges emphasize financial aid programs to mitigate impact on lower-income families.

Private colleges in the U.S. have surpassed the $90,000 annual cost mark, with some reaching up to $95,000 for tuition, board, and other expenses.
Nearly 60% of students at institutions like Wellesley College receive financial aid, significantly reducing their costs.
Major issues with a new federal aid application system have caused delays and anxiety among prospective students.
Lower-income families may pay as little as 10% of the sticker price at some elite colleges, making them more affordable than state institutions.
Experts argue that, despite high costs, college remains a good investment if students borrow wisely and complete their degrees.