The most expensive colleges today are elite private colleges at $68,000 per year. While the rate of increase in college costs has slowed, the price is still going up. If your child is going to college four years from now (2018) , the projected cost of an elite college from 2018 — 2021 could soar as high as $334,000 for a four year degree. The national average cost of attending a four-year public college is over $28,000 per year, and the average cost of attending a four-year private college is now over $59,000.
And those are today’s prices. The table below projects those costs for future years assuming a 6.5% (public) 4.5% (private) annual increase in the total cost of attendance.