Although tuition is getting more expensive, community colleges are still significantly more affordable than most four-year institutions. The average annual rate to attend a four-year university could run as high as $30,000 or more, while the annual tuition at a community college probably won’t cost much more than $5,000. In addition, many community college students continue to live at home while taking classes, saving money on room and board.
With more affordable prices overall, community college students often find they can foot the bill for their education without taking on significant debt before graduation. Considering that many university students graduate with debt in the six-figure range, this is a huge financial advantage both during and after graduation.