Parent Times: The University of Iowa
 
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SPRING 1999-00
Volume 43, Number 3

IN THIS ISSUE

Study in Summer? Almost 12,000 Students Say "Yes"

Listening to Students: President Coleman Finds Them 'Invigorating'

First and Foremost: Ten Standouts Launch Program That Gives High School Seniors an Early Start on College

Your Tuition Payment: Building Our Students' Future

Financial Aid: The Buffer Zone Between Students and Higher Education Costs

Investing in Your Student's Future

Accents: Problem or Opportunity to Learn?

A Challenge From Frank

Parent Times Briefs

University Calendar


Encouraging Statistics

1998 statistics released by the U.S. Census Bureau show a marked and positive correlation between the head of household's educational attainment and the total household income. Analysts estimate that over a 40-year working lifetime, a family headed by a person with a bachelor's degree stands to earn $1.5 million more than will a family headed by a person with a high school diploma only. For the complete report, check out www.census.gov.

Average Family Income by Education Level

(Based on education of head of household)

Less than 9th grade $29,547
9th-12th grade, no diploma $33,356
High school graduate $48,434
Some college, no degree $57,315
Associate $63,524
Bachelor's degree $85,423
Master's degree $101,670
Doctorate $123,796
Professional $147,170

 

Cost of Attendance

(Undergrads living on campus 2000-2001)

000 Resident Non-Resident
Tuition 2,906 $10,668
Fees 298 298

Books/supplies

840 840
Room and Board 4594 4594
Personal (est.) 2370 2370
Transportation 620 620

 

January, 2000

Resident Undergraduate Tuition/Fee Rates
at Peer Institutions

January, 2000

University of Michigan $6,673
Michigan State University 5,255

University of Minnesota

4,799
University of Illinois 4,770
Indiana University 4,212
Ohio State University 4,137
UCLA 3,858
University of Wisconsin 3,738
Purdue University 3,738
University of Texas 3,128
University of Iowa 2,998
University of North Carolina 2,365
University of Arizona 2,264

 

One More Word

If your family income is $40,000 or less (for a single head of household) or $80,000 or less (for two wage-earners in family), you may be eligible for a new tax credit. Ask your tax preparer about the Hope Scholarship Credit or the Lifetime Learning Credit.

 

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