Why are American schools so expensive?
In Canada, the vast majority of universities are publicly subsidized. That means that although it costs the university between about $19,000 and $26,000 Cdn to educate you for one year, you’ll pay approximately $4,000 to $7,000 Cdn a year in tuition costs, while the rest is covered by the federal and provincial governments. In other countries, such as Ireland and Scotland, the government completely bears the tuition costs of all students.
In the United States, the reverse is generally the case. Although state-level universities do get public subsidies, many colleges and universities in the United States are entirely private. That means you, the student, must pay for your entire tuition or receive an athletic or academic scholarship. Depending on the size of the institution, the diversity of courses offered, the location of the school, and the profit margin that each university is looking to generate, your tuition can range anywhere from $15,000 to $60,000 US per year. Note: Foreign or out-of-state students pay more in tuition than in-state American students.
What is a scholarship worth?
The costs associated with attending an American college or university are prohibitively high for many Canadian families. As per The College Board, the average yearly price of a 4-year program at a public college or university if you are attending from out of state can vary from $39,890 to $49,320 US. (See fig.1 below.)
A sports scholarship can mean anything from a small fraction of the total costs to full grant-in-aid, otherwise known as a full-ride. It must be stated that a full-ride scholarship still does not cover the total cost of attendance for a school year. A student incurs living expenses, spending money, extra curricular activities money, computer/cell phone communications costs etc.
Average Estimated Full-time Undergraduate Budgets (Enrollment-Weighted) by Sector 2016-17