Question:
What are the trends in the cost of college education?
Response:
For the 2005� academic year, annual prices for undergraduate tuition, room, and board were estimated to be $10,454 at public colleges and $26,889 at private colleges. Between 1995� and 2005�, prices for undergraduate tuition, room, and board at public colleges rose by 30 percent, and prices at private colleges rose by 21 percent, after adjustment for inflation.
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2007). Digest of Education Statistics, 2006 (NCES 2007�7), Chapter 3.
Average undergraduate tuition and fees and room and board rates charged for full-time students in degree-granting institutions, by type and control of institution: Selected years, 1985-86 to 2005-06 | |||
Year and control of institution | All institutions | 4-year institutions | 2-year institutions |
All institutions | |||
1985-861 | $4,885 | $5,504 | $3,367 |
1995-96 | 8,800 | 10,330 | 4,725 |
2000-01 | 10,818 | 12,922 | 5,460 |
2001-02 | 11,380 | 13,639 | 5,718 |
2002-03 | 12,014 | 14,439 | 6,252 |
2003-04 | 12,955 | 15,504 | 6,716 |
2004-05 | 13,792 | 16,509 | 7,086 |
2005-06 | 14,629 | 17,447 | 7,231 |
Public institutions | |||
1985-861 | $3,571 | $3,859 | $2,981 |
1995-96 | 6,256 | 7,014 | 4,217 |
2000-01 | 7,586 | 8,653 | 4,839 |
2001-02 | 8,022 | 9,196 | 5,137 |
2002-03 | 8,502 | 9,787 | 5,601 |
2003-04 | 9,249 | 10,674 | 6,020 |
2004-05 | 9,864 | 11,426 | 6,375 |
2005-06 | 10,454 | 12,108 | 6,492 |
Private institutions2 | |||
1985-861 | $8,885 | $9,228 | $6,512 |
1995-96 | 17,208 | 17,612 | 11,563 |
2000-01 | 21,368 | 21,856 | 14,788 |
2001-02 | 22,413 | 22,896 | 15,825 |
2002-03 | 23,340 | 23,787 | 17,753 |
2003-04 | 24,636 | 25,083 | 19,559 |
2004-05 | 25,810 | 26,257 | 20,093 |
2005-06 | 26,889 | 27,317 | 21,170 |
1Room and board data are estimated.
2 Data for private 2-year colleges must be interpreted with caution, because of their low response rate.
NOTE: Data are for the entire academic year and are average total charges for full-time attendance.
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2007). Digest of Education Statistics, 2006 (NCES 2007-017), Table 319.
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