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Time-to-Degree Impact

Additional years of study have a marked impact on a student’s finances. Longer time-to-degree results in additional college costs and lost earnings. Many students who attend public institutions and take longer to complete their degrees end up, in effect, paying more for their degrees than do students at private colleges and universities who graduate in four years.
*Average net price is generated by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state, where applicable), books and supplies, and the weighted average for room and board and other expenses.
Source: National Association of Independent Colleges and Universities (NAICU), 2013, http://www.naicu.edu/docLib/20130708_HEA-Complet-TimetoDegreeChart.pdf. U.S. Department of Education, National Center for Education Statistics; National Association of Colleges and Employers, 2012 Salary Survey. Analysis by NAICU.
 

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