The Cost and Value of a USC Education
The following provides contextual information on tuition, financial aid, student debt, and the true cost and value of a USC education:
- Tuition increases at USC using 5-year averages are at their lowest in 50 years — over the last five years tuition has increased an average of 4% annually. For comparison, the national average of tuition increase for private universities is 7.9%, according to the U.S. Department of Education. Tuition rate only covers 2/3 of the actual cost of education.
- The University has made great strides in limiting the tuition increases to maintain affordability, while increasing services to students. The average cost to a student — commonly referred to as “net price” or “cost of attendance” — is reduced by nearly 40%.
- This actual cost of attendance has been accomplished with one of the largest financial aid pools in the country, exceeding $300 million per year from university sources and $460 million from all sources combined.
- USC’s 6-year graduation rate is 92%— more than double the national average for universities.
USC’s commitment to making a high-quality, high-value education available to as many deserving students as possible is evidenced by its ever-increasing commitment of private scholarships and grants, keeping student borrowing lower than national averages for both public and private institutions.
TRANSPARENCY ON AFFORDABILITY
The issue of the affordability of a USC education is an important one, and the most directly affected population—current USC students—are right to ask how tuition is calculated and where it fits in to the larger fiscal spending picture for the university. In an effort to increase a better understanding of its fiscal infrastructure, university administrators and Provost Michael Quick met with students to provide detailed breakdowns of tuition and budget. The information was summarized in a student-produced video by undergraduates Jordan Fowler and Chase Rosenberg.