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Skip to contentSkip to site indexSearch & Section NavigationSection Navigation SEARCH Paying for College SUBSCRIBE FOR $1/WEEKLog in Wednesday, April 10, 2024 Today’s Paper SUBSCRIBE FOR $1/WEEK Paying for College|Some Colleges Will Soon Charge $100,000 a Year. How Did This Happen? https://www.nytimes.com/2024/04/05/your-money/paying-for-college/100k-college-cost-vanderbilt.html * Share full article * * * U.S. SECTIONS * U.S. * Politics * New York * California * Education * Health * Obituaries * Science * Climate * Sports * Business * Tech * The Upshot * The Magazine U.S. POLITICS * 2024 Elections * Primary Results * Supreme Court * Congress * Biden Administration TOP STORIES * Trump Investigations * Immigration * Abortion * The Eric Adams Administration NEWSLETTERS * The Morning Make sense of the day’s news and ideas. * The Upshot Analysis that explains politics, policy and everyday life. 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LEAGUES * NFL * MLB * NBA * Premier League * NCAAF * NCAAM * NHL * NCAAW * MLS * Formula 1 * NWSL * Golf TOP STORIES * Today's News * NFL Free Agency * Men's NCAA Tournament * Women's NCAA Tournament NEWSLETTERS * The Pulse Delivering the top stories in sports, Sunday to Friday. * Scoop City The top stories in the NFL, from Jacob Robinson with Dianna Russini. * The Bounce Essential NBA news from Zach Harper and Shams Charania. * Full Time The biggest women's soccer stories, from Emily Olsen, Meg Linehan & Steph Yang. The Athletic is included in an All Access subscription. Learn more. Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT your money SOME COLLEGES WILL SOON CHARGE $100,000 A YEAR. HOW DID THIS HAPPEN? Some Vanderbilt students will have $100,000 in total expenses for the 2024-25 school year. The school doesn’t really want to talk about it. * Share full article * * * Read in app Credit...Robert Neubecker By Ron Lieber Reporting from Vanderbilt University in Nashville Published April 5, 2024Updated April 8, 2024 Sign up for the Audio newsletter, for Times subscribers only. Our editors share their favorite listens from the New York Times Audio app. Get it with a Times subscription. It was only a matter of time before a college would have the nerve to quote its cost of attendance at nearly $100,000 a year. This spring, we’re catching our first glimpse of it. LISTEN TO THIS ARTICLE WITH REPORTER COMMENTARY Listen 13:33 Open this article in the New York Times Audio app on iOS. One letter to a newly admitted Vanderbilt University engineering student showed an all-in price — room, board, personal expenses, a high-octane laptop — of $98,426. A student making three trips home to Los Angeles or London from the Nashville campus during the year could hit six figures. This eye-popping sum is an anomaly. Only a tiny fraction of college-going students will pay anything close to this anytime soon, and about 35 percent of Vanderbilt students — those who get neither need-based nor merit aid — pay the full list price. Advertisement SKIP ADVERTISEMENT But a few dozen other colleges and universities that reject the vast majority of applicants will probably arrive at this threshold within a few years. Their willingness to cross it raises two questions for anyone shopping for college: How did this happen, and can it possibly be worth it? WHO PAYS WHAT According to the College Board, the average 2023-24 list price for tuition, fees, housing and food was $56,190 at private, nonprofit four-year schools. At four-year public colleges, in-state students saw an average $24,030 sticker price. Subscribe to The Times to read as many articles as you like. A correction was made on April 5, 2024 : An earlier version of this article misstated the surname of Vanderbilt’s vice provost for university enrollment affairs. He is Douglas L. Christiansen, not Christensen. -------------------------------------------------------------------------------- When we learn of a mistake, we acknowledge it with a correction. If you spot an error, please let us know at nytnews@nytimes.com.Learn more Ron Lieber has been the Your Money columnist since 2008 and has written five books, most recently “The Price You Pay for College.” More about Ron Lieber A version of this article appears in print on April 8, 2024, Section B, Page 1 of the New York edition with the headline: Budget-Breaking Education. 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