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Personal Finance

And You Thought Just Tuition Was Expensive

Room and board, books, transportation, and other expenses can add significantly to the cost of attending college.

Note: This article is part of Morningstar's October 2014 College Planning Report Card special report. An earlier version of this article appeared March 23, 2014.

When it comes to financial worries, paying for college is near the top of the list for many families, with rising tuition costs being the greatest area of concern. Last year tuition and fees at public four-year colleges averaged about $9,000 for in-state residents and more than $22,000 out-of-state, while private four-year colleges charged about $30,000 on average, according to figures from the College Board.