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Tuition costs of colleges and universities

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

Response:
For the 2011� academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $14,300 at public institutions, $37,800 at private nonprofit institutions, and $23,300 at private for-profit institutions. Between 2001� and 2011�, prices for undergraduate tuition, room, and board at public institutions rose 40 percent, and prices at private nonprofit institutions rose 28 percent, after adjustment for inflation. The inflation-adjusted price for undergraduate tuition, room, and board at private for-profit institutions was 2 percent lower in 2011� than in 2001�.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2013). Digest of Education Statistics, 2012 (NCES 2014-015), Chapter 3.

Average total tuition, fees, room and board rates charged for full-time undergraduate students in degree-granting institutions, by type and control of institution: Selected years, 1981� to 2011�
Year and control of institution Constant 2011� dollars1 Current dollars
All institutions 4-year institutions 2-year institutions All institutions 4-year institutions 2-year institutions
All institutions
1981� $8,438 $9,554 $5,986 $3,489 $3,951 $2,476
1991� 11,653 13,564 6,738 7,077 8,238 4,092
2001� 14,533 17,418 7,302 11,380 13,639 5,718
2002� 15,012 18,043 7,813 12,014 14,439 6,252
2003� 15,840 18,961 8,199 12,953 15,505 6,705
2004� 16,375 19,599 8,423 13,793 16,510 7,095
2005� 16,735 19,957 8,275 14,634 17,451 7,236
2006� 17,260 20,591 8,323 15,483 18,471 7,466
2007� 17,447 20,813 8,210 16,231 19,363 7,637
2008� 18,120 21,636 8,733 17,092 20,409 8,238
2009� 18,531 22,147 8,959 17,649 21,093 8,533
2010� 19,039 22,740 9,170 18,497 22,092 8,909
2011� 19,339 23,066 9,308 19,339 23,066 9,308
Public institutions
1981� $6,439 $6,942 $5,378 $2,663 $2,871 $2,224
1991� 8,461 9,374 5,965 5,138 5,693 3,623
2001� 10,244 11,744 6,561 8,022 9,196 5,137
2002� 10,624 12,230 7,000 8,502 9,787 5,601
2003� 11,308 13,053 7,352 9,247 10,674 6,012
2004� 11,710 13,564 7,568 9,864 11,426 6,375
2005� 11,955 13,847 7,424 10,454 12,108 6,492
2006� 12,317 14,266 7,597 11,049 12,797 6,815
2007� 12,440 14,435 7,498 11,573 13,429 6,975
2008� 12,993 15,119 8,023 12,256 14,262 7,568
2009� 13,443 15,764 8,088 12,804 15,014 7,703
2010� 13,961 16,384 8,321 13,564 15,918 8,085
2011� 14,292 16,789 8,561 14,292 16,789 8,561
Private not-for-profit and for-profit institutions
1981� $14,909 $15,306 $11,477 $6,166 $6,330 $4,746
1991� 22,874 23,476 15,860 13,892 14,258 9,632
2001� 28,624 29,240 20,210 22,413 22,896 15,825
2002� 29,166 29,725 22,185 22,413 22,896 15,825
2003� 30,112 30,657 23,917 24,624 25,070 19,558
2004� 30,648 31,174 24,096 25,817 26,260 20,297
2005� 30,771 31,257 24,447 26,908 27,333 21,404
2006� 31,703 32,237 22,611 28,439 28,919 20,284
2007� 31,998 32,491 23,310 29,767 30,226 21,685
2008� 32,656 33,154 24,093 30,804 31,273 22,726
2009� 32,574 33,061 25,706 31,023 31,488 24,483
2010� 32,964 33,572 24,570 32,026 32,617 23,871
2011� 33,047 33,716 23,447 33,047 33,716 23,447

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 total charges for full-time attendance. Tuition and fees were weighted by the number of full-time-equivalent undergarduates, but were not adjusted to reflect student residency. Room and board were based on full-time students. Data through 1995-96 are for institutions of higher education, while later data are for degree-granting institutions. Degree-granting institutions grant associate抯 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.

SOURCE: U.S. Department of Education, National Center for Education Statistics (2013). Digest of Education Statistics, 2012 (NCES 2014-015), Table 381.

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