According to ACE, “tuition and fees represent less than 40 percent of the total cost of attendance for students attending four-year public colleges and universities, and just one-fourth the cost of attendance for community college students.”
Prices of tuition and fees are set based on a combination of the previous year’s amounts, state appropriations and political considerations, and students’ willingness to pay.
Other prices such as room and board, however, are often more flexibly decided upon so that the college or university can at least break even on its costs. The allowance for students living on campus is generally based on campus housing and meal plans, yet do not always consider the most expensive available options.
Other cost considerations include books and supplies that often vary by major or program due to different book and equipment requirements, as well as transportation fees based on whether or not students commute to school from off campus. Finally, health insurance premiums, the cost of purchasing a computer, and slight allowances for laundry (and even entertainment) are sometimes taken into account–but not always.
For tables breaking down indirect costs for every type of institution and more on the topic, read the full report here.
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