Home Account PricesPerformance Funds Retirement College Education

New window: AdvantageVoice - Opening the door to investment conversations. Read our new blog.

Just How Fast Are College Costs Growing?

Everyone knows college costs are increasing, but just how much? Most experts project an average 6% increase per year. That means the cost to send a newborn child to a 4-year public university in the year 2023 will reach over $145,000 or over $335,000 for a 4-year private university. The graph below shows the rate these costs are expected to grow over the next 18 years.

The Rising Cost of Higher Education

Costs based on 2005-2006 estimate of average tuition, fees, and room and board for 4-year public and private universities according to the 2005 Trends in College Pricing published by the College Board. Projected pricing assumes a 6% annual rate of increase in college costs.

However, don't let the rising costs scare you. Our Tools Section can provide you with valuable tips for planning your college investing strategy.

The Rising Cost of Higher Education (Based on 4 years of school). By 2023, costs at a private university may reach $335,062, and costs at a public university may reach $145,311.

Back to chart.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value

Wells Fargo Advantage Funds

  • Individual Investors · 1-800-359-3379
  • Investment Professionals · 1-888-877-9275
  • Institutional Sales Professionals · 1-866-765-0778

Next Steps

Give the gift that lasts a lifetime – start investing in your child's education today!

Investment Specialists are available at 1-800-359-3379 24 hours a day, 7 days a week to help you get started.


Secure Account Access Login
System Note and Secure Account Access Login