Ugh! Since 2008 the phrase has become both cliché and more applicable than ever in so many areas of finance and life, and college tuition and financing seem to experience a new-new normal every year. It is now very normal for most high school seniors and their families to come face to face with some very difficult choices, and some very long-term financial consequences.
The average annual tuition expense is $23,000 in-state; $36,000 out-of-state; $45,000 -$55,000 private.
The average debt of a four-year college grad is $30,000.