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Tuition costs of colleges and universities

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

Response:

For the 2015–16 academic year, annual current dollar prices for undergraduate tuition, fees, room, and board were estimated to be $16,757 at public institutions, $43,065 at private nonprofit institutions, and $23,776 at private for-profit institutions. Between 2005–06 and 2015–16, prices for undergraduate tuition, fees, room, and board at public institutions rose 34 percent, and prices at private nonprofit institutions rose 26 percent, after adjustment for inflation. The price for undergraduate tuition, fees, room, and board at private for-profit institutions decreased 16 percent between 2005–06 and 2015–16, after adjustment for inflation.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2018). Digest of Education Statistics, 2016 (NCES 2017-094), Chapter 3.

Average total tuition, fees, room and board rates charged for full-time undergraduate students in degree-granting institutions, by level and control of institution: Selected years, 1984–85 to 2015–16
Year and control
of institution
Constant 2015–16 dollars1 Current dollars
All
institutions
4-year
institutions
2-year
institutions
All
institutions
4-year
institutions
2-year
institutions
All institutions
1985–862 $10,696 $12,052 $7,373 $4,885 $5,504 $3,367
1995–96 13,572 15,931 7,287 8,800 10,330 4,725
2000–01 14,724 17,586 7,439 10,820 12,922 5,466
2001–02 15,218 18,238 7,646 11,380 13,639 5,718
2002–03 15,719 18,893 8,180 12,014 14,439 6,252
2003–04 16,586 19,853 8,585 12,953 15,505 6,705
2004–05 17,145 20,522 8,820 13,793 16,510 7,095
2005–06 17,523 20,897 8,664 14,634 17,451 7,236
2006–07 18,072 21,560 8,714 15,483 18,471 7,466
2007–08 18,268 21,793 8,596 16,231 19,363 7,637
2008–09 18,973 22,654 9,144 17,092 20,409 8,238
2009–10 19,404 23,226 9,390 17,650 21,126 8,541
2010–11 19,912 23,790 9,558 18,475 22,074 8,868
2011–12 20,315 24,094 9,787 19,401 23,011 9,347
2012–13 20,839 24,585 9,860 20,233 23,871 9,573
2013–14 21,291 25,049 10,030 20,995 24,701 9,891
2014–15 21,875 25,580 10,221 21,728 25,409 10,153
2015–16 22,432 26,120 10,432 22,432 26,120 10,432
Public institutions
1985–862 $7,820 $8,449 $6,527 $3,571 $3,859 $2,981
1995–96 9,648 10,817 6,503 6,256 7,014 4,217
2000–01 10,324 11,776 6,585 7,586 8,653 4,839
2001–02 10,726 12,297 6,870 8,022 9,196 5,137
2002–03 11,124 12,806 7,329 8,502 9,787 5,601
2003–04 11,840 13,668 7,698 9,247 10,674 6,012
2004–05 12,262 14,202 7,925 9,864 11,426 6,375
2005–06 12,518 14,499 7,773 10,454 12,108 6,492
2006–07 12,897 14,937 7,954 11,049 12,797 6,815
2007–08 13,026 15,114 7,851 11,573 13,429 6,975
2008–09 13,605 15,831 8,401 12,256 14,262 7,568
2009–10 14,094 16,530 8,474 12,819 15,036 7,708
2010–11 14,621 17,157 8,707 13,566 15,919 8,079
2011–12 15,034 17,577 9,023 14,359 16,787 8,617
2012–13 15,471 17,998 9,194 15,021 17,475 8,927
2013–14 15,849 18,355 9,414 15,628 18,100 9,283
2014–15 16,298 18,758 9,651 16,188 18,632 9,586
2015–16 16,757 19,189 9,939 16,757 19,189 9,939
Private nonprofit and for-profit institutions
1985–862 $19,454 $20,207 $14,259 $8,885 $9,228 $6,512
1995–96 26,540 27,161 17,834 17,208 17,612 11,563
2000–01 29,086 29,743 20,287 21,373 21,856 14,907
2001–02 29,971 30,616 21,161 22,413 22,896 15,825
2002–03 30,539 31,124 23,229 23,340 23,787 17,753
2003–04 31,529 32,100 25,043 24,624 25,070 19,558
2004–05 32,091 32,641 25,230 25,817 26,260 20,297
2005–06 32,220 32,729 25,629 26,908 27,333 21,404
2006–07 33,195 33,755 23,676 28,439 28,919 20,284
2007–08 33,504 34,020 24,407 29,767 30,226 21,685
2008–09 33,193 34,714 25,227 30,804 31,273 22,726
2009–10 34,456 35,012 26,895 31,341 31,847 24,463
2010–11 34,353 35,045 24,897 31,875 32,517 23,101
2011–12 34,614 35,262 24,716 33,058 33,677 23,605
2012–13 35,515 36,121 24,054 34,483 35,071 23,355
2013–14 36,502 37,115 24,207 35,995 36,599 23,870
2014–15 37,677 38,247 24,481 37,424 37,990 24,317
2015–16 39,011 39,529 24,367 39,011 39,529 24,367

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.
2Room and board data are estimated.

NOTE: Data are for the entire academic year and are average charges for full-time students. Tuition and fees were weighted by the number of full-time-equivalent undergraduates, but were not adjusted to reflect student residency. Room and board are based on full-time students. Data through 199596 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. Some data have been revised from previously published figures. Detail may not sum to totals because of rounding.

SOURCE: U.S. Department of Education, National Center for Education Statistics (2018). Digest of Education Statistics, 2016 (NCES 2017-094), Table 330.10.

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