College: The First Significant Cost
We could get as granular as looking at how much it cost for you to be born, but let’s not get too crazy. Instead, we’ll fast forward to picking the right school when you leave your parent’s nest. According to the College Board, the nation’s average cost of tuition for one year of school is $9,650 for state residents at public colleges, $24,930 for out-of-state residents attending public universities, and $33,480 for students attending private colleges. We’re off to an expensive start! This cost doesn’t include any costs outside of tuition!
Throughout the rest of this article, we’ll continue to include averages and variables for the associated costs of becoming a CPA, but we’ll also hone in on the specifics for a CPA candidate in California just so we can highlight the process.
And in California, the school with the highest first-time CPA Exam pass rate belongs to the University of California, Los Angeles with a pass rate of 82.4% according to Masters in Accounting. That’s rather spectacular. So how much does it cost? Keep in mind, these numbers are for in-state tuition, so it’s going to be much more expensive if you’re coming from another location.