USC's 2016-17 tuition crosses the $50K line

A USC Trojans fan
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Fight on for financial aid, USC Trojans! The tuition for the 2016-2017 academic year has crossed the $50,000 line.

The Los Angeles Times reported that the University of Southern California's tuition will ring in at $51,442, plus $841 in fees, bringing the subtotal to an eye-popping $52,283.

For the 2015-2016 academic year, $32,599 was the average cost of tuition and fees for private colleges, according to U.S News and World Report.

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Michael Quick, USC provost, told the LA Times that increasing the school's competitiveness among other high-ranking colleges is expensive.

"We're competing with the Stanfords and the Ivy League schools of the world, and when you're competing for the best faculty in the world, that's expensive," he said.

However, Princeton and Stanford's tuition are still below the $50,000 line at $45,540 and $47,331, respectively, for the upcoming academic year. These schools have also raised their tuition in recent years, while the public University of California system has frozen its tuition through the 2016-2017 academic year.

Read the full report in the Los Angeles Times.