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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]
A 2014 study ranked Washington University #1 in the country for income inequality [122] About 22% of Washington University's students came from the top 1%, while only about 6% came from the bottom 60%.
A student attending a private four year university has an average yearly cost of $49,870. These costs factor in tuition, housing, food, university fees, and supplies such as textbooks, manuals, and uniforms. Two year public universities, such as a community college, factor in tuition and fees, and have an average yearly cost of $3,730.
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.
For example, in 2011–2012, the average sticker price for tuition, fees and living expenses at private colleges, was $38,590 while the average actual cost was $23,060; at public colleges, the average sticker price was $17,130 and the average actual cost was $11,380. [58]
Harvard University, a well-known costly but wealthy institution that had previously cut tuition for students whose families earned less than $60,000 a year, proceeded to cut costs by nearly fifty percent for those students whose families earned between $120,000 and $180,000 a year. [21]
The U.S. dollar payout value of one unit is always equal to one percent of the annual full-time, undergraduate, in-state tuition and state-mandated fees at the most expensive public university in the state – either the University of Washington or Washington State University. Through June 30, 2021, the purchase price of one unit is $133 and ...
The James McKelvey School of Engineering is a part of Washington University in St. Louis. Founded in 1854, the engineering school is a research institution occupying seven buildings on Washington University's Danforth Campus. Research emphasis is placed on cross-disciplinary technologies in the areas of alternative energy, environmental ...