00:00the price tag for college tuition has always been overwhelming factor in
00:08inflation and the published prices seem staggeringly high most families will pay
00:14a lot less thanks to financial aid including scholarships grants and loans
00:19however CNBC points out that it's not uncommon for more sought-after schools
00:25to be $80,000 or more a year at some private colleges the average scholarship
00:32award is over $50,000 bringing the out-of-pocket cost down at public in
00:38state schools the net price the average student will pay is $14,360 a year the
00:46published price is $26,364 a year the US Department of Education awards about
00:54$120 billion each year to help students pay for higher education students must
01:01first fill out the free application for federal student aid or FAFSA to know
01:06about all of their financial aid options
