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Tuition costs of colleges and universities

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

Response:

For the 201415 academic year, average annual current dollar prices for undergraduate tuition, fees, room, and board were estimated to be $16,188 at public institutions, $41,970 at private nonprofit institutions, and $23,372 at private for-profit institutions. Between 200405 and 201415, prices for undergraduate tuition, fees, room, and board at public institutions rose 33 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 18 percent between 200405 and 201415, after adjustment for inflation.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2016). Digest of Education Statistics, 2015 (NCES 2016-014), 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 2014–15
Year and control
of institution
Constant 2014–15 dollars1 Current dollars
All
institutions
4-year
institutions
2-year
institutions
All
institutions
4-year
institutions
2-year
institutions
All institutions
1984–85 $10,210 $11,548 $7,115 $4,563 $5,160 $3,179
1994–95 13,069 15,308 7,291 8,306 9,728 4,633
2000–01 14,625 17,468 7,389 10,820 12,922 5,466
2001–02 15,115 18,116 7,595 11,380 13,639 5,718
2002–03 15,613 18,766 8,126 12,014 14,439 6,252
2003–04 16,475 19,720 8,528 12,953 15,505 6,705
2004–05 17,030 20,384 8,760 13,793 16,510 7,095
2005–06 17,405 20,756 8,606 14,634 17,451 7,236
2006–07 17,951 21,415 8,656 15,483 18,471 7,466
2007–08 18,146 21,647 8,538 16,231 19,363 7,637
2008–09 18,845 22,502 9,083 17,092 20,409 8,238
2009–10 19,274 23,070 9,327 17,650 21,126 8,541
2010–11 19,778 23,630 9,493 18,475 22,074 8,868
2011–12 20,178 23,932 9,721 19,401 23,011 9,347
2012–13 20,699 24,420 9,794 20,233 23,871 9,573
2013–14 21,148 24,878 9,959 20,995 24,699 9,887
2014–15 21,728 25,409 10,153 21,728 25,409 10,153
Public institutions
1984–85 $7,626 $8,238 $6,281 $3,408 $3,682 $2,807
1994–95 9,386 10,496 6,509 5,965 6,670 4,137
2000–01 10,254 11,697 6,541 7,586 8,653 4,839
2001–02 10,654 12,215 6,824 8,022 9,196 5,137
2002–03 11,049 12,720 7,280 8,502 9,787 5,601
2003–04 11,760 13,576 7,646 9,247 10,674 6,012
2004–05 12,179 14,107 7,871 9,864 11,426 6,375
2005–06 12,434 14,401 7,721 10,454 12,108 6,492
2006–07 12,810 14,837 7,901 11,049 12,797 6,815
2007–08 12,938 15,013 7,798 11,573 13,429 6,975
2008–09 13,513 15,725 8,344 12,256 14,262 7,568
2009–10 13,999 16,419 8,417 12,819 15,036 7,708
2010–11 14,522 17,042 8,648 13,566 15,919 8,079
2011–12 14,934 17,459 8,962 14,359 16,787 8,617
2012–13 15,367 17,877 9,133 15,021 17,475 8,927
2013–14 15,743 18,231 9,349 15,630 18,100 9,281
2014–15 16,188 18,632 9,586 16,188 18,632 9,586
Private nonprofit and for-profit institutions
1984–85 $18,354 $18,910 $13,881 $8,202 $8,451 $6,203
1994–95 25,502 26,124 17,577 16,207 16,602 11,170
2000–01 28,891 29,543 20,151 21,373 21,856 14,907
2001–02 29,770 30,411 21,019 22,413 22,896 15,825
2002–03 30,334 30,915 23,073 23,340 23,787 17,753
2003–04 31,317 31,884 24,875 24,624 25,070 19,558
2004–05 31,875 32,422 25,061 25,817 26,260 20,297
2005–06 32,004 32,509 25,457 26,908 27,333 21,404
2006–07 32,972 33,528 23,517 28,439 28,919 20,284
2007–08 33,279 33,792 24,243 29,767 30,226 21,685
2008–09 33,964 34,481 25,057 30,804 31,273 22,726
2009–10 34,225 34,777 26,714 31,341 31,847 24,463
2010–11 34,123 34,810 24,730 31,875 32,517 23,101
2011–12 34,382 35,026 24,550 33,058 33,677 23,605
2012–13 35,277 35,879 23,892 34,483 35,071 23,355
2013–14 36,247 36,854 24,033 35,985 36,587 23,859
2014–15 37,424 37,990 24,317 37,424 37,990 24,317

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 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 1994-95 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 (2016). Digest of Education Statistics, 2015 (NCES 2016-014), Table 330.10.

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