Found this roaming around…a discussion of price of education in Australia vs. the U.S.:
What of the US? How true is it that “in America you pay about $US100,000 a year”? Completely wrong – and that includes post-graduate as well as undergraduate, and private as well as public universities. For example, an MBA degree at Stanford University – the very sort of degree and institution that we know is very expensive – has a tuition fee of $US38,680, NOT “$US100,000″.
In high-reputation public universities in the US undergraduate tuition fees for local students vary widely – sometimes much less than Australian HECS and sometimes more. The University of Massachusetts at Amherst has annual tuition fees of $2170, the State University of New York system $5500, Oregon State University $5500, the University of Arizona $6000, and the University of California at Los Angeles $9000.

There are definitely a lot of myth out there. Especially amongst the Asian students. Thanks for posting the breakdown.