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Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
The sticker price for a college education can be quite shocking. In 2020-21, the cost of tuition and fees for a full-time student at a public four-year in-state school was $10,560, according to ...
Costs for those attending public two-year community colleges have fallen even more, by 9% over the past decade, according to the College Board data, which is broadly in line with federal figures ...
Tuition for the typical public four-year college was roughly $22,000 annually during the 2022-23 academic year, while private nonprofit four-year colleges cost $53,000 per year, according to the ...
The portion of state budget funding spent on higher education decreased by 40% from 1978 to 2011, while most tuition fees significantly increased over the same period. [13] Between 2000 and 2010, the cost of tuition and room and board at public universities increased by 37%. [14]
During the 2023-24 academic year, full-time resident students at public four-year colleges paid an average of $11,260 in tuition and fees, while non-resident students paid an average of $29,150.
More than half of public research universities charge students differential tuition based primarily on their major and their year in college, increasing normal tuition by up to 40 percent. [10] Most students or their families who pay for tuition and other education costs do not have enough savings to pay in full while they are in school. [11]
A college student in 1980 could attend a four-year college for about $10,000 per year, according to the National Center for Education Statistics. By 2019-20, the total price increased to over $33,000.