It doesn’t take a degree in finance to see that the cost of college continues to rise.

In its 2023 report, the College Board showed that in-state tuition and fees at private non-profit four-year institutions increased by 5% in inflation-adjusted dollars between the 2013-14 and 2023-24 school years.1

For many families, the lion’s share of education costs falls on the parents and, in some cases, the grandparents. Families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parental contributions to help cover the cost. There are also a number of resources that can help individuals prepare for college, such as the College Board website and the government student aid website.

If your child is approaching college age, a good first step is estimating the potential costs. The accompanying chart can help you get a better idea about the cost of college.

1. CollegeBoard.org, November 2023

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6 Meridian is a group comprised of investment professionals registered with Hightower
Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also
be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are
offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities,
LLC.
This is not an offer to buy or sell securities, nor should anything contained herein be construed
as a recommendation or advice of any kind. Consult with an appropriately credentialed
professional before making any financial, investment, tax or legal decision. No investment
process is free of risk, and there is no guarantee that any investment process or investment
opportunities will be profitable or suitable for all investors. Past performance is neither indicative
nor a guarantee of future results. You cannot invest directly in an index.
These materials were created for informational purposes only; the opinions and positions stated
are those of the author(s) and are not necessarily the official opinion or position of Hightower
Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only
and based on generic assumptions. All data or other information referenced is from sources
believed to be reliable but not independently verified. Information provided is as of the date
referenced and is subject to change without notice. Hightower assumes no liability for any action
made or taken in reliance on or relating in any way to this information. Hightower makes no
representations or warranties, express or implied, as to the accuracy or completeness of the
information, for statements or errors or omissions, or results obtained from the use of this
information. References to any person, organization, or the inclusion of external hyperlinks does
not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such
person, organization or linked website or the information, products or services contained
therein. 
Click here for definitions of and disclosures specific to commonly used terms.

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