| 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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