University In-State vs. Out-of-State Tuition

With changing costs, it pays to shop around for college in-state & out-of-state tuition

Generally speaking, the manner in which a college or university charges in-state versus out-of-state tuition to students depends on whether they're a public or private institution. Naturally, since they're supported directly by state taxpayers, public institutions usually (or at least traditionally) charge higher tuition for students coming from outside the state than they do for their own residents. Also, keep in mind that residency requirements vary.

The private school approach

On the other hand, instead of charging different rates for college in-state and out-of-state tuition, private colleges and universities usually have the same sticker price for both types of students. But that doesn't mean the actual price your family will pay will be the same. Depending on how the institution wants to balance its student profile, it may well offer more financial aid for students from certain targeted places, in part to maintain a diverse student population. That can result in your child being awarded more financial aid if they happen to come from a geographical area the school has identified as a priority.

The public school approach to college in-state tuition

There are, however, a number of mediums through which publicly funded institutions have offered steep discounts - sometimes equating to the same university in-state tuition rates charged to their own residents - to out-of-state students. They include:

  • Reciprocity agreements between contiguous states
  • Multi-state educational compacts

Some publicly funded institutions have long offered university in-state tuition rates to students from contiguous states, either informally or through formal reciprocity agreements. But in recent years, as college costs have escalated and the competition for students has sharpened, many states have begun to aggressively recruit students from all 50 states and even from other countries, often through the inducement of college in-state tuition rates.

The Western Undergraduate Exchange, a compact comprising 15 western states that work cooperatively to reduce educational costs for each other's residents - is just one of many innovative programs that's worth looking into for your children. In other words, it pays to shop around.

Learn more about financing university in-state & out-of-state tuition

You can find helpful information about affordable financing options from Citizens Bank online at student resources. For information about our Citizens Bank Student Loan™ or if you still have questions, call a student loan specialist at 1-800-708-6684, and we'll help walk you through the process.

Additional student loan and college planning resources

The Cost Differences Between Public and Private Schools
Choosing the Right Student Loans
How Much Should I Borrow?
Direct vs. Indirect Costs of College
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Banking For Students
Student Borrowing
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