With the steady rise in tuition college tuition rates over the past 30 years its easy to understand student loan dept. According to FinAid.org tuition rates double the rate of inflation and
on average, tuition tends to increase about 8% per year. At an 8% college inflation rate means that the cost of college doubles every nine years, reports the Bureau of Labor Statistics. CNN Money reports the average student loan debt for students graduating in 2013 is $29,400.
America has thousands of institutions of higher learning that offer hundreds of degrees. This is a list of the most expensive accredited colleges and universities in the United States.
#13 Carnegie Mellon University $57,100
Carnegie Mellon University is a private university located in Pittsburgh, Pennsylvania just 3 miles from downtown. Andrew Carnegie founded Carnegie Technical Schools in 1900 and changed the name to Carnegie Institute of Technology in 1912. 55 years later the technical school merged with Mellon Institute of Industrial Research becoming Carnegie Mellon University offering 4 year Bachelor Degrees.
According to U.S. News the University is mostly known for its programs in science, technology and engineering and has a 13:1 student to faculty ratio. The publication ranks it 25th among national universities in the U.S. Carnegie Mellon has 6300 undergraduates and just over 6600 graduate students maintaining a financial endowment of $1.1 billion dollars.
Herbert Simon and Allen Newell noted founders of artificial intelligence.
Andy Bechtolsheim (net worth $2.8 billion), co-founder of Sun Microsystems
Freddy Anzures an original co-creator of the iPhone design.
Gela Nash Taylor, co-founder of Juicy Couture.
David Tepper, (new worth $10 billion), hedge fund manager and the founder of Appaloosa Management.