For the 2006-07 school year, average university tuition for an undergraduate was $4,347 — a 3.2% increase over the previous year.* Based on that rate of increase, a four-year program that costs $18,241 today would cost more than $32,000 when today’s newborns are ready to enter university. And that’s tuition only. Once accommodations, transportation, food, lab fees, and books are factored in to the equation, the costs rise exponentially.