College can cost $100,000 a year. Here's how families are covering the tab

Federal student loans, private loans, grants, and scholarships are among the financing methods families use to pay for college education. The average cost of attendance at private four-year institutions reached approximately $60,000 per year as of 2024, according to the College Board, while some elite universities charge tuition and fees exceeding $60,000 annually before room and board.

Next story