The total construction cost of a home accounts for 59.3 percent of the sales price in 2011, almost identical to the share of 58.9 percent in 2009. Finished lot costs account for 21.7 percent of the sales price, only slightly higher than the share of 20.3 percent in 2009. Not surprisingly, the share of sales price going to a builderâs profit has dropped from 8.9 percent in 2009 to an all-time low of 6.8 percent in 2011 (see historical comparison in Graph 1).
Obama Budget For Free Community College To Cost $1.4 Billion In 2016, $60 Billion Over Next Decade. U.S. President Barack Obama announced his free community college initiative during a visit to Pellissippi State College in Knoxville, Tennessee, on Jan. 9. Obama's proposed 2016 budget outlines details of the plan, which would likely cost $60 billion over 10 years. Photo: Reuters.
By Daniel Kurt AAA |. As the price of a college education continues to soar, many American families are counting on significant outside help to foot the bill. Consider that the average cost of an out-of-state public university is now more than $22,000 per year, according to The College Board. For private schools, tuition and fees often exceed $30,000. For students who haven't earned lucrative scholarships, need-based financial aid can play a vital role. The key to receiving a generous package rests in large part on the Free Application for Federal Student Aid form, better known as the FAFSA.