Northwestern, U of C Among Nation's Priciest Colleges

Universities ranked second and ninth, respectively, competing with mostly east coast institutions, according to Forbes

By Jessica Guido
|  Thursday, Oct 13, 2011  |  Updated 10:41 AM CDT
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Northwestern vs. University of Chicago Alumni

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College costs plenty of Benjamins these days.

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The price of college is on the rise. If you are tight on cash, you may want to stop and think before signing up for these two Chicagoland institutions.

The University of Chicago and Northwestern University were named by Forbes this week as two of the most expensive colleges in the United States. The universities ranked second and ninth, respectively, competing with mostly east coast institutions.

Forbes calculated the list with the help of data from the National Center for Education and Center for College Affordability & Productivity, a non-profit educational research group.

The study factors in tuition, room and board, books, mandatory computers, and transportation.

The University of Chicago, "Brainiac Central on Lake Michigan," according to Forbes, gathers in $42,041 a year for tuition, bringing the final cost of living and attending the Hyde Park school to $57,590.

Northwestern is a little cheaper. Tuition charges cap at $40,223 for the year. Additional factors raise the price of the suburban college to $56,406.

What's a student to do?

Forbes says that most schools do have financial aid that can lower the price.

The data collector does point out that University of Chicago was the only school on the Top Ten list to appear on an earlier August list of the Best Colleges in America.

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