College Tuition facts
While investigating facts about College Tuition Costs and College Tuition Tax Credit, I found out little known, but curios details like:
If college students work while going to college their employers can count up to $5200 of their pay as tuition reimbursement and make that amount tax deductible for the student. Only a few percent of employers utilize this.
how college tuition has increased?
A father of five worked 23 years as a custodian for Boston College so all of his children could attend the university for free. They all graduated and together saved nearly $700,000 in tuition. =)
What college tuition is deductible?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what college tuition is tax deductible. Here are 50 of the best facts about College Tuition Calculator and College Tuition Scandal I managed to collect.
what's college tuition?
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International students can attend for free all public colleges in Germany, Iceland, Norway and Finland; many have programs taught 100% in English; and the average tuition at colleges throughout Europe is $2,225/year.
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Berea College in Kentucky has a $1B endowment and doesn't charge students for tuition.
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The cost of college textbooks in the US have risen more than 1,000 percent since 1977, even faster than tuition, health care costs and housing prices, all of which have risen faster than inflation.
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Howard Lutnick donated more than $65 million to Haverford College because when he lost both his parents to cancer the college was understanding and let him go tuition-free all 4 years.
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Skyrocketing college tuition prices began in 2005, when Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act, that made it essentially impossible to discharge or declare bankruptcy on federal or private student loans.
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German colleges no longer charges tuition to international students from anywhere around the world.
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In 2004, An NYU Student spent 8 months living in the college library due to being unable to afford tuition and room & board despite a $15000/yr scholarship and working 30 hours a week. Upon learning about this, the university gave him free accommodation through the summer.
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For $170 per person per year, a hotel mogul turned around a rough Orlando neighborhood - cutting crime in half, multiplying property values and raising the high school graduation rate from 25% to nearly 100% by offering to pay full tuition for anyone who graduated and wanted to attend college.
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The College of the Ozarks doesn't charge tuition. Instead, students work on campus at least 15 hours a week (and have two 40-hour work weeks.)
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A college dropout fooled her parents into believing she was still enrolled in order to continue collecting tuition money. Then on graduation day, she called in bomb threats so her parents wouldn't see her not graduate.
College Tuition data charts
For your convenience take a look at College Tuition figures with stats and charts presented as graphic.
Why college tuition should not be free?
You can easily fact check why college tuition should be lowered by examining the linked well-known sources.
Berea College, a liberal arts college in Kentucky where tuition is free for all students as long as they partake in work-study. Its mission is to assist high-achieving students with low financial resources regardless of background.
Harvard is such a wealthy college that by spending less than 1% of its endowment, it could provide free tuition to all students for a year. - source
Florida has an agreement with Canada which allows Canadians to pay in-state tuition rather than out-of-state tuition for all 40 state-funded colleges and universities (ex. Florida State University tuition= ~$6k in-state vs ~$21k out-of-state) - source
The "Bennett Hypothesis" which argues that increases in financial aid enables colleges and universities to blithely raise their tuitions, confident that Federal loan subsidies will help cushion the increase.
A father of five worked 23 years as a custodian for Boston College so all of his children could attend the university for free. They all graduated and together saved nearly $700,000 in tuition. - source
When a student enters college tuition is the?
Carrie's father, Lucius, was initially reluctant to let her attend college and only paid for part of her tuition. She paid for the rest of her expenses by teaching in rural northern Iowa schools.
How college tuition should be lowered?
Nikola Tesla became addicted to gambling at the end of his 2nd year of college then gambled away his tuition money the year after that.
If the United States would invest just $18 billion in education, college tuition would be cut in more than half
Fordham University, a gated community of college students where the tuition is $65k+ a year, keeps their student body ”protected” from the rest of The Bronx by its gates and security guards. Students have commented on the disconnect between Fordham campus and its community
In 2006, Jesse Jackson promised the Rainbow/Push Coalition would pay the college tuition for Crystal Mangum, the accuser in the Duke Lacrosse rape. Jackson said it would not matter if Mangum fabricated her story, the tuition offer would still be good.
Cooper Union, a privately funded college located in NYC which was founded in 1859 on the principle of education being "open and free for all". All admitted students were granted a full tuition scholarship. That policy was changed in 2013 and all future students will now be charged tuition.