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Tuition costs of colleges and universities

Question:
What are the trends in the cost of college education?

Response:

For the 2013–14 academic year, annual current dollar prices for undergraduate tuition, fees, room, and board were estimated to be $15,640 at public institutions, $40,614 at private nonprofit institutions, and $23,135 at private for-profit institutions. Between 2003–04 and 2013–14, prices for undergraduate tuition, fees, room, and board at public institutions rose 34 percent, and prices at private nonprofit institutions rose 25 percent, after adjustment for inflation. The price for undergraduate tuition, fees, room, and board at private for-profit institutions decreased 16 percent between 2003–04 and 2013–14, after adjustment for inflation.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2016). Digest of Education Statistics, 2014 (NCES 2016-006), Chapter 3.

Average total tuition, fees, room and board rates charged for full-time undergraduate students in degree-granting institutions, by type and control of institution: Selected years, 1983–84 to 2013–14
Year and control
of institution
Constant 2013–14 dollars1 Current dollars
All
institutions
4-year
institutions
2-year
institutions
All
institutions
4-year
institutions
2-year
institutions
All institutions
1983–84 $9,620 $10,959 $6,590 $4,167 $4,747 $2,854
1993–94 12,745 14,939 7,149 7,931 9,296 4,449
2000–01 14,520 17,341 7,335 10,820 12,922 5,466
2002–03 15,501 18,630 8,067 12,014 14,439 6,252
2003–04 16,355 19,578 8,466 12,953 15,505 6,705
2004–05 16,907 20,237 8,697 13,793 16,510 7,095
2005–06 17,279 20,606 8,544 14,634 17,451 7,236
2006–07 17,821 21,261 8,593 15,483 18,471 7,466
2007–08 18,014 21,490 8,477 16,231 19,363 7,637
2008–09 18,709 22,340 9,017 17,092 20,409 8,238
2009–10 19,134 22,903 9,259 17,650 21,126 8,541
2010–11 19,636 23,460 9,425 18,476 22,074 8,868
2011–12 20,032 23,759 9,651 19,401 23,011 9,347
2012–13 20,551 24,245 9,723 20,234 23,872 9,574
2013–14 21,003 24,706 9,888 21,003 24,706 9,888
Public institutions
1983–84 $7,286 $7,925 $5,849 $3,156 $3,433 $2,534
1993–94 9,151 10,229 6,421 5,694 6,365 3,996
2000–01 10,180 11,613 6,494 7,586 8,653 4,839
2002–03 10,969 12,628 7,227 8,502 9,787 5,601
2003–04 11,675 13,478 7,591 9,247 10,674 6,012
2004–05 12,091 14,005 7,815 9,864 11,426 6,375
2005–06 12,344 14,297 7,665 10,454 12,108 6,492
2006–07 12,718 14,730 7,844 11,049 12,797 6,815
2007–08 12,845 14,904 7,742 11,573 13,429 6,975
2008–09 13,416 15,611 8,284 12,256 14,262 7,568
2009–10 13,898 16,301 8,356 12,819 15,036 7,708
2010–11 14,418 16,919 8,586 13,566 15,920 8,079
2011–12 14,826 17,332 8,897 14,359 16,787 8,617
2012–13 15,256 17,747 9,068 15,022 17,474 8,928
2013–14 15,640 18,110 9,282 15,640 18,110 9,282
Private nonprofit and for-profit institutions
1983–84 $17,333 $17,913 $12,861 $7,508 $7,759 $5,571
1993–94 24,901 25,557 16,723 15,496 15,904 10,406
2000–01 28,682 29,330 20,005 21,373 21,856 14,907
2002–03 30,115 30,692 22,906 23,340 23,787 17,753
2003–04 31,091 31,654 24,695 24,624 25,070 19,558
2004–05 31,645 32,188 24,879 25,817 26,260 20,297
2005–06 31,772 32,274 25,273 26,908 27,333 21,404
2006–07 32,734 33,286 23,347 28,439 28,919 20,284
2007–08 33,038 33,548 24,068 29,767 30,226 21,685
2008–09 33,718 34,232 24,876 30,804 31,273 22,726
2009–10 33,977 34,525 26,521 31,341 31,847 24,463
2010–11 33,876 34,559 24,552 31,875 32,518 23,101
2011–12 34,134 34,772 24,372 33,058 33,677 23,605
2012–13 35,022 35,622 23,693 34,483 35,074 23,328
2013–14 35,987 36,589 23,860 35,987 36,589 23,860

1Constant dollars based on the Consumer Price Index, prepared by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to a school-year basis.

NOTE: Data are for the entire academic year and are average total charges for full-time attendance. Tuition and fees were weighted by the number of full-time-equivalent undergarduates, but were not adjusted to reflect student residency. Room and board were based on full-time students. Data through 1993-94 are for institutions of higher education, while later data are for degree-granting institutions. Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs. The degree-granting classification is very similar to the earlier higher education classification, but it includes more 2-year colleges and excludes a few higher education institutions that did not grant degrees.

SOURCE: U.S. Department of Education, National Center for Education Statistics (2016). Digest of Education Statistics, 2014 (NCES 2016-006), Table 330.10.

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