|Figure 24. Average net college price and average net tuition and fees (in 1999 constant dollars) for dependent full-time, full-year undergraduates, by type of institution: 1989–90 and 1999–2000|
|NOTE: Net price is equal to tuition and fees, plus estimated cost of living expenses, minus all grants received. Net tuition and fees is equal to tuition and fees minus total grants received. Dependent refers to being financially dependent. Generally, all undergraduates under the age of 24 are considered dependents; for these students, the parents' income and assets are the major considerations in determining the need for financial aid. For public 4-year institutions, 78.2 percent of full-time, full-year students enrolled were classified as dependents in 1989-90; and 78.4 percent were so classified in 1999-2000. For private 4-year institutions, 83.6 percent of full-time, full-year students enrolled were classified as dependents in 1989-90, and 82.2 in 1999-2000. |
SOURCE: U.S. Department of Education, National Center for Education Statistics, The Condition of Education, 2004, based on National Postsecondary Student Aid Study (NPSAS), 1989-90 and 1999-2000; Wei, C.C., Li, X., and Berkner, L. (2004). A Decade of Undergraduate Student Aid: 1989-90 to 1999-2000, tables A-1.1, A-2.1, A-3.1, and A-4.1.
Between 1990 and 2000, the average net price (after grants are taken into account, and adjusting for inflation) of attending college for full-time, full-year dependent undergraduates increased at 4-year institutions. The average net price for both public and private not-for-profit 4-year institutions increased for all income groups. Similarly, the average net tuition and fees were greater in 2000 than in 1990 for students in each income group (except for the lowest family income quartile attending private not-for-profit institutions) at 4-year public and 4-year private not-for-profit institutions. The increase in net price between 1990 and 2000 indicates that the increases in grant aid were not enough to offset the cost increases during this decade.