In 2013 Caltech’s endowment was over $1.9 billion. It’s no wonder generous financial aid and scholarship packages are commonplace here. Tuition at Caltech is almost $40,000 annually, plus another $1,500-plus in student fees. Once you factor in $12,000-plus for room and board and several thousand more for supplies, personal expenses, and books, the estimated annual cost is more than $58,000 per year. Few students pay the full cost, while everyone benefits from the world-class education, making this school a best buy. Financial aid packages for freshman include a $33,000-plus grant on average.