The cost of attending America’s most prestigious universities continues to soar.
For the 2024–25 academic year, the total annual cost of the top 10 national universities now ranges from $77,500 to $98,300, according to data compiled from U.S. News & World Report and College Board.
In the graphic below, Visual Capitalist’s Bruno Venditti compares tuition costs for the top 10 U.S. universities with national averages for both private and public four-year colleges.
Elite Education Comes at a Premium
The University of Chicago tops the list, with tuition reaching $71,300. Other elite schools like Duke, Yale, and Stanford also hover near the $70,000 mark. Even Harvard, despite having one of the largest endowments in the world, lists tuition at $59,300.
The Gap Between Elite and Average Colleges
Tuition at the top 10 U.S. universities ranges from $59,000 to $71,000 per year, averaging about 50% higher than the $43,400 charged by the typical private nonprofit four-year college. By comparison, public out-of-state universities average around $29,200, while in-state students pay just $11,600.
In fact, the average college tuition costs have climbed a remarkable 748% since 1963, after adjusting for inflation. This steady rise reflects expanding facilities, faculty salaries, and student services, but it also deepens accessibility challenges.
Fleeing Tuition Hikes
Facing soaring tuition costs, more American students are looking overseas for affordable alternatives.
According to the Institute of International Education’s Open Doors report, the number of Americans earning degrees abroad rose from about 50,000 in 2019 to over 90,000 in 2024.
If you enjoyed today’s post, check out The Extra Earnings of a Bachelor’s Degree by State on Voronoi, the new app from Visual Capitalist.
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