This report describes three measures of the price of undergraduate education in the 2011–12 academic year: total price of attendance (tuition and living expenses), net price of attendance after all grants, and out-of-pocket net price after all financial aid. It is based on the 2011–12 National Postsecondary Student Aid Study (NPSAS:12), a nationally representative study of students enrolled in postsecondary institutions in the 50 states and the District of Columbia. Students are grouped into four institution types: public 2-year institutions, public 4-year institutions, private nonprofit 4-year institutions, and for-profit institutions at all levels (less-than-2-year, 2-year, and 4-year).
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