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The recently approved state budget allocated $124 million for tuition mitigation and inflationary costs. USC, Clemson will freeze college tuition again, but other student costs will increase Skip ...
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During Clemson's Board of Trustees meeting on Friday, Clemson athletic director Graham Neff proposed a $150 per semester ($300 a year) athletic fee for students that will be used "solely for ...
State universities usually offer lower tuition costs to in-state residents. Substantial financial support is also provided by the federal government, particularly through federal financial aid. In some states, there is a campus designated as the "flagship" campus in the state's university system.
Tuition and fees do not include the cost of housing and food. For most students in the US, the cost of living away from home, whether in a dorm room or by renting an apartment, would exceed the cost of tuition and fees. [7] [9] In the 2023–2024 school year, living on campus (room and board) usually cost about $12,000 to $15,000 per student. [7]
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
That’s true in the state of South Carolina, when comparing the annual fees of Clemson ($300) and USC ($172) to Coastal Carolina ($2,090). And it holds up nationally, too.
Research from the CollegeBoard showed that for the 2019 to 2020 academic year, the average cost for an out-of-state student to attend a public four year university was $38,330, while the average in-state cost was $21,950. A student attending a private four year university has an average yearly cost of $49,870.