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The Average Cost of a Doctorate Degree. According to the U.S. Department of Education's National Center for Education Statistics (NCES), the average net price of a doctorate degree at a public school in the 2013-2014 school year reached $10,725 each year. Private school tuition during the same year rose to $22,607 annually.
But the effects will be significant. Coupled with the effect of compound interest on undergraduate fees while a postgraduate is studying, a PhD could cost upwards of $30,000. Under the budget changes to higher education fees have been extended to research Masters and PhDs.