Are students and parents ready for the $200,000 bachelor’s degree?
As college costs continue to climb, undergraduate tuition and fees at New Jersey’s costliest universities will top $40,000 this year. Once room and board are added in, the total bill for students living on campus at three local schools — Stevens Institute of Technology, Drew University and Princeton University — will easily top $200,000 over four years.
But school officials say college-bound students should not panic. Most students get financial aid and only a fraction of undergraduates pay the full sticker price, said David Muha, a spokesman at Drew, where annual tuition and fees will rise 2.7 percent to nearly $44,000 this fall.