Figure 12.

Enrollment, degrees conferred, and expenditures in degree-granting institutions: Fall 1960 through fall 2011 and 1960–61 through 2011–12

NOTE: Expenditure data for school year 2011 (2011–12) are estimated. Degree data for school year 2011 are projected. Doctor's degrees include Ph.D., Ed.D., and comparable degrees at the doctoral level, as well as such degrees as M.D., D.D.S., and law degrees that were formerly classified as first-professional degrees. SOURCE: U.S. Department of Education, National Center for Education Statistics, Opening Fall Enrollment in Higher Education, 1960 through 1965; Financial Statistics of Higher Education, 1959–60 through 1964–65; Earned Degrees Conferred, 1959–60 through 1964–65; Projections of Education Statistics to 2021; Higher Education General Information Survey (HEGIS), "Fall Enrollment in Institutions of Higher Education,""Degrees and Other Formal Awards Conferred,"and "Financial Statistics of Institutions of Higher Education"surveys, 1965–66 through 1985–86; Integrated Postsecondary Education Data System (IPEDS), "Fall Enrollment Survey"(IPEDS-EF:86–99), "Completions Survey"(IPEDS-C:87–99), and "Finance Survey"(IPEDS-F:FY87–99); IPEDS Fall 2000 through Fall 2011, Completions component; and IPEDS Spring 2001 through Spring 2012, Enrollment and Finance components.