U.S. higher education costs have surged over the past year, according to a Sallie Mae/Ipsos report out Wednesday.
The new report found that total college costs for families climbed to an estimated $34,019 during the 2025-26 academic year, marking a 10% rise from the year prior, Higher Ed Dive reported. Meanwhile, U.S. families had to pay out of pocket for 49% of those education costs.
A Sallie Mae spokesperson told the Daily Caller News Foundation that the new report “finds that college spending rose but that’s not necessarily a function of higher tuition alone.” The spokesperson added that the $34,019 total spent during the 2025-26 academic year “includes every dollar used towards higher education last year which is everything from tuition and fees to books, technology, meals, housing, travel, and other related expenses.”