In Colorado, the estimated total in-state college tuition cost for two years is $83,832. It is to be noted that this is inclusive of other factors as shown in the computation below.
What is the calculation for the above figure?
Given the following:
Base Tuition (Note that this increases by 20% every year) = $12, 650
Off campus Room and Board - $11, 440
Housing - $5,976
Meals - $ 6, 450
Living Expenses - 1,670
Books and Supplies - $1200
The summary thus is equal to
Base Tuition = $12, 650 * 2 * 1.2
Off campus Room and Board - $11, 440 * 2
Housing - $5,976 * 2
Meals - $ 6, 450 * 2
Living Expenses - 1,670 *2
Books and Supplies - $1200 *2
This results in:
Base Tuition = $30,360
Off campus Room and Board = $22,880
Housing = $11, 952
Meals = $ 12900
Living Expenses = $ 3,340
Books and Supplies = $2,400
Grand Total = $ 83,832.
Note that the base tuition was estimated to increase at the rate of 20% every year.
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