A scholarship is the cheapest way to help a young person graduate.
According to the National Center for Education Statistics, in 2016, the average tuition and fees for an undergraduate degree were $3,000.
This is still far less than the average monthly income of $1,200 in the United States.
And it’s just a small percentage of what students pay in federal aid, which ranges from $4,500 for public college students to more than $17,000 for private colleges.
The average cost of a bachelor’s degree in the U.S. is $10,800, according to the College Board.
So, for example, a $40,000 scholarship for a single year would cost less than $100 a month in tuition and $300 a year in fees.
But how much does it cost to get a college degree?
The average amount students pay to attend college varies by state.
In some states, like Arizona, tuition is free, while in others, like Louisiana, it’s a hefty price tag.
Here are some of the cheapest colleges and universities in the country, according a recent study by the National Association of College and University Business Officers.
